Barclays not the only bank in the spotlight

Up to 20 banks are being investigated for rigging key City interest rates, writes Ben Griffiths in London.

Bob Diamond, chief executive of Barclays: he has refused to resign from his position. Photo: Bloomberg
Bob Diamond, chief executive of Barclays: he has refused to resign from his position. Photo: Bloomberg

Bob Diamond, chief executive of Barclays, is this weekend clinging to his job by his fingertips after the bank was slammed by investors, regulators and even the British prime minister for rigging key City interest rates.

Barclays is one of up to 20 banks which are now being investigated. The group includes some of the biggest names in world ...