Barclays
Will Barclays' CEO Surprise Us?
Submitted by Jason Chang on Mon, 07/02/2012 - 5:48pm
Author:
John Fullerton Like Lloyd Blankfein with the Abacus fiasco, and Jamie Dimon with “the whale trade,” Barclays CEO Bob Diamond has an unparalleled opportunity to surprise us this week during his appearance before Parliament to explain the most recent financial scandal involving the systematic manipulation of LIBOR, the benchmark interbank lending rate upon which hundreds of trillions of dollars of financial transactions are priced, over several years. Will Diamond seize the opportunity missed by both Blankfein and Dimon to emerge as the first true financial statesman of the modern global banking crisis?
Tony Greenham
After having spent his early career in the City of London, Tony Greenham now leads the finance and business research team at the New Economics Foundation. He talks here about how he lost faith in the unfettered capital markets, what it will take to transform the mainstream banking sector, the value of his involvement in the Transition Towns movement, and why we need “investment grade” policymaking.
