More on the Barclays bank scandal - down goes Diamond
http://www.guardian.co.uk/business/2012/jul/03/bob-diamond-resigns-barclays
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Bob Diamond has resigned from Barclays in the face of relentless political pressure for him to go following the interest rate manipulation scandal.
An attempt by the board to save his position by accepting the resignation of the chairman, Marcus Agius, on Monday has failed. Instead Agius will now become full-time chairman and lead the search for a new chief executive.
In a stunning turnaround – only on Monday the 60-year old chief executive was vowing to stay – Diamond is to go immediately after a 15-year career with the bank and only 18 months as chief executive.
Diamond's resignation was welcomed by the government, which has come under increasing pressure to launch a public inquiry into the scandal. George Osborne, speaking on BBC Radio 4's Today programme, said it was "the right decision for Barclays – and for the country".
http://www.guardian.co.uk/business/2012/jul/03/bob-diamond-quits-barclays
Live coverage here
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Lots more heads will roll - at least. You would think that following 2008 the bankster scumbags would be more careful given the chaos across the globe, but that's what happens when criminals are not punished.
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Despite previous discussion on the subject fraud trials here still have juries. That's despite the fact in some instances the jury may not even understand the evidence. Jurors also become subject to extensive periods on jury duty which on occasions don't down to well.
Example here :
Jury protest forces fraud trial collapse after 2 years.
What is believed to be the longest ever British jury trial collapsed at the Old Bailey yesterday after almost two years in court, when a disgruntled juror went on strike. Other jurors also protested about their hardships.
The abandonment of the corruption trial of seven defendants on the personal decision of the director of public prosecutions and the attorney general may lead to the abolition of juries in long fraud trials, a move that would be bitterly contested.
http://www.guardian.co.uk/uk/2005/mar/23/transport.constitution
Thanks for that. Nothing shocks me anymore.
