The former chief executive of Barclays,
Bob Diamond has given up his bonuses worth 20 million pounds ($30
million) over an interest rate-rigging scandal. He resigned last week a
day after the chairman Marcus Agius resigned over the scandal.
The chairman of
Barclays (NYSE: BCS) told a parliamentary inquiry on Tuesday that the
former chief executive, Bob Diamond, has lost bonuses worth 20 million
pounds ($30 million) over an interest rate-rigging scandal.
Marcus Agius, who was heading the bank when traders indulged in
manipulating a global benchmark interest rate was deposing before a
hostile panel of lawmakers, who are conducting an investigation into the
scandal that has led to widespread public indignation and which may
affect a dozen more global banks.
When the scandal was revealed last week, Agius was the first
executive to resign and he was followed by Diamond the very next day.
Agius is staying on to find a successor to Diamond. Agius told the panel
that Diamond had voluntarily decided to forgo any deferred
consideration and deferred bonuses which he would have been entitled to
otherwise.
