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Barclays (BCS) CEO Bob Diamond insists he will not resign. In a letter to Parliament agreeing to...

  • Friday, June 29, 2012, 7:24 AM ET
    Barclays (BCS) CEO Bob Diamond insists he will not resign. In a letter to Parliament agreeing to testify, he says there is no evidence knowledge of the manipulation went any higher than "immediate desk supervisors ... When the trader conduct was first discovered ... steps were immediately taken to stop it." Shares -4.7% premarket.
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    C'mon Mr. Diamond. If the regulators found out about it and had to act then everybody else already knew. Except in the case of Commish Gensler and the other CFTC limp dicks where everybody knows and they still do nothing.
    29 Jun 2012, 09:32 AM Reply Like
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