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Tag Archives: London Interbank Offered Rate
The Bureaucrat and the Banker: Bob Diamond’s downfall
Bob Diamond is a shrewd, powerful, deal maker who does not understand bureaucratic politics. On Wall Street, or in the City, your word is your bond. If you cannot keep your word, you cannot do business. Lehman Brothers collapsed in … Continue reading →
Posted in coruption, culture, leadership, management
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Tagged Bank, Barclays, Bob Diamond, Business, current-events, economy, Lehman Brothers, London Interbank Offered Rate, politics, Treasury, Washington DC, White House
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Three reasons why Bob Diamond will stay and lessons in crisis management
This blog post has been overtaken by events. Bob Diamond resigned on 3 July 2012. It is unlikely that the LIBOR scandal as described in the FSA report is going to be enough to remove Bob Diamond from Barclays. There … Continue reading →
Thoughts on Barclays, Diamond, and a corporate culture in crisis
As I read the report published by the Financial Services Authority (FSA) for the fine of £59 million against Barclays Bank for the recent LIBOR fixing scandal, I was struck by how Bob Diamond’s letter to Andrew Tyrie seemed to … Continue reading →
Posted in coruption, leadership, management
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Tagged Andrew Tyrie, Barclay, Bob Diamond, Financial Services Authority, FSA, LIBOR, London Interbank Offered Rate, Royal Bank of Scotland
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Comments Off on Thoughts on Barclays, Diamond, and a corporate culture in crisis