Investopedia: Bid Rigging Costs Barclays Its Diamond
As news continues to unfold regarding the scale and depth of the LIBOR manipulation scandal, politicians are starting to hunt for scalps. The now-former CEO of British bank Barclays (NYSE:BCS)
has chosen to cooperate, as Bob Diamond has resigned his position. It
remains to see just how far this scandal will reach, and whether or not
Diamond will be the only major CEO to lose his job over bad behavior
that is increasingly looking like an industry phenomenon.