London, City of Scandal: Why Britain's Banking Culture Needs Fixing

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Diamond wasn't forever The former Barclays chief exits the U.K. Parliament

If you search the internet for Bob Diamond, the chief executive of Britain's Barclays Bank who resigned on July 3 amid the latest financial scandal to roil markets across the world, the two adjectives that most often pop up are American and brash. It's easy to see why. Diamond, 60, is a hard-charging trader from Concord, Mass., who rose to the top at Barclays — founded by Quakers in 1690 — by building its investment-banking division into a global powerhouse and helping the bank grow to Europe's sixth largest, with assets of $2.3 trillion. Among his boldest coups was the purchase...

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