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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