Diamond’s ‘complete lack of candour’
Bob Diamond could be rather too busy in the next few weeks to enjoy the £2 million salary and pension entitlement that he will still collect from Barclays despite waiving £20 million in bonuses. The Treasury Select Committee may well recall the former Barclays chief executive to explain what chair Andrew Tyrie called a ‘complete lack of candour to Parliament’. The bank’s chair Marcus Agius revealed to the committee this morning that the fatal blow to Diamond’s career was dealt by Sir Mervyn King, who told the Barclays board that Diamond no longer commanded the confidence of the regulators. But there remain questions about the veracity of some of Diamond’s