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Bob Diamond, the CEO of Barclay's, is under increasing pressure (a $450 million settlement over charges of manipulating a key interest rate will do that). The governor of the Bank of England declined to call Diamond "fit and proper" to run the bank. For American readers, that's British English for 'I'm not saying he shouldn't be fired, but...'
The Financial Times has called on him to resign, saying "if he had an ounce of shame, he would immediately step down". The FT cites this almost too-poetic quote from Diamond: "Culture is difficult to define but for me the evidence of culture is how people behave when no one is watching".
The vitriol isn't new. In 2010, Bloomberg Markets wrote that "in some UK media and political circles, Diamond is the personification of a greedy banker, a symbol of all that has gone wrong in global finance". Diamond's public comments since have done little to change this view.
In 2011, he was called the "unacceptable face of banking" by Lord Mandelson, despite forgoing a bonus in 2008 and 2009. Last year, Diamond told Parliament that "there was a period of remorse and apology for banks, that period needs to be over...The biggest issue is 'How do we put some of the blame game behind us?'...There’s been apologies and remorse, now we need to build some confidence". (Diamond pulled in a $10 million pay package last year.)