Barclays CEO Bob Diamond Faced A Rebellion In New York Over The Libor-Fixing Scandal

Barclays CEO Bob Diamond, who resigned Tuesday over the Libor-fixing scandal, narrowly avoided an insurrection among senior bankers in New York who were furious over Diamond’s attempts to distance himself from the affair. On Monday, Britain's third largest bank agreed to pay $450 million to settle allegations that it tried to manipulate the widely followed interbank lending rate Libor to bolster...