Diamond acknowledges ‘reprehensible’ behaviour at Barclays

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Former Barclays chief executive Bob Diamond criticised “reprehensible” behaviour over a rate-fixing scandal Wednesday in his first public comments since quitting amid a high-profile boardroom exodus. Diamond added that while there had been “mistakes” at the lender, swift action was taken to tackle traders’ attempts to manipulate key inter-bank lending rates. “Clearly there were mistakes, clearly there was behaviour that was reprehensible,” the American banker told the British parliament’s Treasury Select Committee. He said he was “physically ill” when he learned the full detail of the revelations, which he insisted was only after the regulators’ investigation this month. “I’m sorry, I’m…

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