Barclays Bank

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Barclays CEO finally resigns

Bob Diamond, Barclays CEO, has finally resigned this morning. It is a scandal that he, or any of the Bank’s Board, ever thought that he could hold onto his job. He was, after all, head of Barclays Capital when the fixing of LIBOR rates took place.

I…

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The unacceptable face of banking

Banks are essential in any modern society. Their role is two-fold:

• To take in deposits from companies and individuals
• To lend out this money prudently to other companies and individuals

Both are difficult roles to fulfil. Banking therefore …