Barclays

[emmie]

Bob Diamond falls on his sword, not before time.
Shame on the banking system for failing their customers, and pursuing a regime of greed. As one of their long time customers i am seriously considering taking any money out and putting it in somewhere safe, under the mattress perhaps..

[jno]

a pity the Sun had already used up its big headline

http://static.guim.co...t-page-29-Jun-006.jpg

[EDDIE51]

bazwillrun, according to the TV news last night criminal proceedings are a strong possibility !

[LazyGun]

@Baz - Yes I get it, as do the others here. Yours is a council of despair.

"There will always be robber barons, its a law of nature, so just tug your forelock and live with it".

The only people who benefit from that policy are the robber barons themselves.......

[sp1814]

Can I just interject with something that everyone seems to be overlooking, especially by using the term 'greedy banker'.

The investment arm of an international bank is where it makes it's hardcore money. However, don't be fooled into thinking that all the profits made by trading mortgages, performing swap deals, and buying/selling futures all goes to the bankers.

These houses hold funds for pension providers, charities and indeed government agencies.

The more money the banks make, the more these clients make.

The deregularization of the banking and finance markets and the globalization of the industry has ramped up risk - and whilst these institutions are still making bucketloads of cash for their client base, I don't see what in practical terms, can be done.

[sp1814]

'deregularization'???

Now I'm simply making words up as I go along.

Of course, I meant 'deregulation'.

[starone]

Just staying calm and trusting my pension will still arrive on the dot. Don't think I would like to be on the top - it is much more comfortable down here.

[bazwillrun]

@EDDIE
i'll believe it when i see it !

@lazygun

people seem glad that hes gone from the point of view that he will lose out, and will pay the price, which he definitely wont.
He will lose some money from Barclays but he will make it back along the way somewhere else

[bazwillrun]

just heard on the news that his leaving package even though he resigned will be worth between 20-30 million pounds !

Bet he wont be losing too much sleep

[Paul22118]

Lunchtime news just suggested his resignation package will be thirty million........................

[pdq1]

If you believe that heads should starting from the top where does that put RBS who are 80% owned by the taxpayer. You could stop at Stephen Hester but even he has some superiors in the government giving him orders.

[Mick-Talbot]

I'm sure he will do the decent thing and reject the golden handshake.

[sir.prize]

Bob Diamond has earned over £100m in the last 5 years. Just read that again. £100m or (800 average salaries).

[Bazile]

Average salary is £ 125000 ?

I must have a word with my employer , as clearly i'm losing out

[sir.prize]

Average salary is £2million

[Bazile]

http://www.payscale.c...United_Kingdom/Salary

Where do you get 2m from ?

[sir.prize]

Sorry Bazile, my mistake. Bob Diamond's ANNUAL salary is £20m.

[emmie]

i do get it, as do others on AB, you cannot keep on taking the p1ss and get away with it, i hope they throw the book at him, and his cronies.

[emmie]

perhaps he will rock up elsewhere, but he is the man in charge, and should have done the decent thing when this story broke. I reckon there is a lot more to come out.

[Gromit]

it turn out the Government already knew about all this and ignored it.

// In the meantime though, former City minister Lord Myners has been telling peers that the rigging of the Libor interest rate is only just a symptom of a much wider cancer in the UK's financial services industry.

He said that since last year he has asked ministers repeatedly about the manipulation of the interest rate but has received "backhanded" responses from the Government.

He added: "This is not just simply a question of Libor. I first raised a written question with the minister (Lord Sassoon) about the manipulation of Libor in March of last year and got a very backhanded response from the minister on this issue. I have raised the issue several times subsequently." //

[emmie]

gromit, this may be so, but it looks like New labour are in the mix on this, more revelations when Bob Diamond goes to speak to the powers that be later on today. Interesting to hear all these MP's making harrumphing noises, double standards still rule, with their expense fiddles, cheating.