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The chief executive of Barclays was once again in the midst of a political storm after Barclays received record fines from US and UK regulators over rigging of the London Interbank Offered Rate (Libor) – the rate at which UK banks lend money to each other. Following the decision, Diamond – along with senior bankers Rich Ricci, Jerry del Missier and Chris Lucas – agreed to give up his already controversial bonus for this year. Nevertheless, politicians and usually defensive bank watchers queued up to criticise the leadership of the bank, with some calling for Diamond’s head.

Four of Barclays' top bankers gave up bonuses for this year amid the Libor scandal; Yannis Stournaras became the latest Greek finance minister; and hedge fund manager Manny Roman said hedge fund managers were overpaid

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David Thomas

Barclays

Former Soros executive Abbas Zuaiter plans macro hedge fund launch

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Former Goldman Sachs executive Amar Kuchinad joins crypto firm Copper as CEO 

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Former Goldman Sachs MD Amar Kuchinad joins crypto firm Copper as CEO

Dmitry Tokarev has stepped back from his role as chief executive after seven years

Kirkland loses regulatory partner to Paul Weiss 

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Kirkland has been raided by Paul Weiss since it kicked off its English law offering last summer

BNP Paribas dealmaker McNaught departs in UK advisory shake-up

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The French bank has added a further two managing directors amid reshuffle in UK deals team

The regulator’s former enforcement director becomes a partner at Milbank after three years pushing fines higher at the SEC.

SEC’s Grewal Moves to Wall Street After Turning Tough as Its Overseer

Inflation in the U.K. fell below the Bank of England’s 2% target in September for the first time in more than three years, making an interest-rate cut next month more likely.

U.K. Inflation Falls to Below BOE Target, Setting Up Rate Cut

The regulator said it is concerned that the part of the market that allows people to pay for insurance in installments might not be providing fair value to more than 20 million customers.

U.K. Regulator Starts Review Into Motor and Home Insurance Market

Fate of Lina Khan’s Bid to Reshape Antitrust Comes Down to Election

Chinese stocks have gone from ice-cold to red-hot in a matter of weeks, but it might be driven by momentum rather than enough stimulus to solve China’s economic woes.

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SEC’s Grewal Moves to Wall Street After Turning Tough as Its Overseer

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