Barclays COO del Missier quits bank after Diamond exit

[maddezmom]

Source: Reuters

Barclays COO del Missier quits bank after Diamond exit

LONDON, July 3 (Reuters) - Barclays' newly appointed Chief Operating Officer, Jerry del Missier, followed his chief executive Bob Diamond and resigned from the bank on Tuesday after an interest rate-rigging scandal.

Barclays said he will leave with immediate effect.

Del Missier has for years been a key lieutenant of Diamond, helping him build up the Barclays Capital investment bank, and was appointed COO last month.

Diamond resigned earlier on Tuesday in a sudden move after a record fine for the bank over its manipulation of Libor submissions.



Read more: http://www.reuters.com/article/2012/07/03/barclays-coo-idUSL6E8I39AT20120703

[Amonester]

1. Off to his tax-haven paradise?? nt

[stockholmer]

2. throw the bastards in the dock, give them a fair trial, and lock 'em up for life

Then rinse and repeat with each and every bankster, especially the central bank ones. The charge: Crimes against humanity for the last 100 plus years.

Jamie Dimon, Lloyd Blankfein, etc are the mere public faces, the real capi di tutti capi are centuries-old family networks like the Rothschild's, Sassoon's, Orsini's, Farnese's, Somaglia's, Breakspeare's, Aldobrandini's, Schiff's, Warburg's, Krupp's, Oppenheimer's, Percy's. Spencer's, Mittal's, Li's, Saxe-Coburg-Gotha's, Huis van Oranje-Nassau, etc.

[Huey P. Long]

3. Holder to the rescue! And by rescue I mean cover-up.

And Now The Fed Gets Dragged Into LiEborgate
Submitted by Tyler Durden on 07/03/2012 - 13:16
As was first reported two days ago, and confirmed today, Barclays' natural response to allegations it single-handedly manipulated the interest rate complex for up to $500 trillion notional in IR-sensitive swaps and other products (it didn't - everyone else did it too), was to drag everyone into the scandal, starting off with the Bank of England (and about to drag Whitehall into it too), and specifically the man who was next in line for governorship of the English Central Bank: Paul Tucker. What does this mean? Well, as we suggested also two days ago, now that the natural succession path at the BOE has been terminally derailed, it brings up those two other gentlemen already brought up previously as potential future heads of the BOE, both of whom just happened to work, or still do, at... Goldman Sachs: Canada's Mark Carney or Goldman's Jim O'Neil. Granted both have denied press speculation they will replace Mervyn King, but it's not like it would be the first time a banker lied to anyone now, would it (and makes one wonder if this whole affair was not merely orchestrated by the Squid from the get go... but no, that would be a 'conspiracy theory'.) Yet the fact that Goldman is hell bent on global domination by stretching its tentacles into every monetary policy administration is no secret: it is only a matter of time before GS also runs the English CTRL-P macros. More interesting is that in addition to the BOE, Barclays today also dragged America's very own Federal Reserve into the fray.

.

http://www.zerohedge.com/news/and-now-fed-gets-dragged-lieborgate

[JDPriestly]

4. The dominoes are beginning to fall.

Banks are crumbling, one by one. This is really very sad. If it gets worse, many people will suffer -- due to the greed and foolhardiness of a few.