This takes the biscuit for revolving doors does it not as the noose tightens!
Clearly no exit strategy as is the way with crooked control freaks
Still no mention of his being sacked from the
board of the BBC so presumably Agius was party to this decision?
Here's a helluva coincidence for you.....
BBC's new DG George Entwistle, whose role was
announced today, was appointed editor of
Newsnight the day before the 9/11 attacks!
He became Editor of Newsnight in 2001, starting
work in his new post the day before the 9/11
attacks on the Pentagon and Twin Towers in the USA.
http://www.bbc.co.uk/aboutthebbc/insidethebbc/managementstructure/biographies/entwistle_george/
Bob Diamond quits Barclays after threat to regulators
(Update) Barclays says Bob Diamond has taken the
'principled decision' to resign as chief
executive. The chancellor welcomes his departure.
http://www.citywire.co.uk/money/bob-diamond-forced-out-of-barclays-agius-is-back/a601349?
by Gavin Lumsden on Jul 03, 2012 at 09:30
Capping off a tumultous week for the British
bank, Barclays chairman Marcus Agius, who only
announced his resignation yesterday, will become
a full-time chairman and lead the search for Diamond's successor.
Agius will eventually step down when a new chief
executive and his own successor as chairman have been found.
A statement from Diamond, who had fought hard to
stay in his job following the Libor-fixing
scandal for which the bank was fined £290 million
last week, indicates his realisation that his presence was damaging Barclays.
He said: 'My motivation has always been to do
what I believed to be in the best interests of
Barclays. No decision over that period was as
hard as the one that I make now to stand down as
chief executive. The external pressure placed on
Barclays has reached a level that risks damaging
the franchise – I cannot let that happen.
'I am deeply disappointed that the impression
created by the events announced last week about
what Barclays and its people stand for could not be further from the truth.'
Show Barclays' statement
A spokesman for Barclays said Diamond's move was
a 'principled decision' based on what was right
for Barclays and that he had the full support of
the board and his shareholders.
He refused to comment on whether the bank could
have minimised the boardroom upheaval and kept
Agius as its permanent chairman if Diamond had
quit yesterday. 'We're not going to get into what might have beens,' he said.
It may be that Diamond's desire to confront his
critics was his undoing. The Financial Times
reports today that Diamond was threatening to
reveal potentially embarrassing details about
Barclays' dealings with regulators when he
appears before MPs at the Treasury Select Committee tomorrow.
In recent days there has been much attention on a
phone conversation between Diamond and Paul
Tucker, deputy governor at the Bank of England,
in October 2008, when the pair discussed the
negative interpretation that was being given to
Barclays' high Libor submissions during the
financial crisis. This may have led to Barclays
staffers thinking it was fine for them to submit
falsely low rates to the Libor rate setters.
'If he is attacked, he will fight back,' one source told the paper.
Cormac Leech, banking analyst at Liberum Capital,
said the stance will have reduced his chances of clinging on.
Shares in the bank (BARC.L) continued to rally
today, rising nearly 2p to over 170p, as
investors expressed relief that uncertainty over
the bank had been removed. However, the loss of
both chief executive and chairman is a huge blow
at a time of market uncertainty as a result of the eurozone debt crisis.
The chancellor George Osborne welcomed the
resignation, and said he hoped it signalled a
change in culture in British banking. 'I think it
is the right decision for Barclays, I think it's
the right decision for the country because we
need Barclays bank focused on lending to our
economy and not distracted by this argument about
who should be in charge,' Osborne told BBC Radio.
'I hope it's a first step to a new culture of
responsibility in British banking,' he added.
Yesterday the government announced a twin probe
into banking, with regulator Martin Wheatley
looking into Libor and Andrew Tyrie, chairman of
the Treasury Select Committee, launching a
parliamentary inquiry into banking since the
financial crisis. However, the latter may be
scuppered by Labour, which wants a full judicial inquiry into banking.
Diamond had worked for Barclays for 16 years and
ran Barclays Capital, its investment bank,
building it up into a global operation helped by
the acquisition of bits of Lehman Brothers
following its bankruptcy in 2008. He became chief
executive in January 2011 when John Varley
stepped down. Although many admired his
leadership skills and competitive drive, his
short stint as Barclays' boss was mired in
controversy over his pay (totalling £17 million
in 2011) and controversies over money laundering,
tax avoidance and most recently, the manipulation
of the Libor inter-bank lending rate.
--
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http://www.reinvestigate911.org/
http://www.thisweek.org.uk/
http://www.911forum.org.uk/
"Capitalism is institutionalised bribery."
_________________
www.abolishwar.org.uk
www.globalresearch.ca
www.public-interest.co.uk
www.radio4all.net/index.php/series/Bristol+Broadband+Co-operative
www.facebook.com/media/set/?set=a.1407615751783.2051663.1274106225&l=90330c0ba5&type=1
<http://utangente.free.fr/2003/media2003.pdf>http://utangente.free.fr/2003/media2003.pdf
"The maintenance of secrets acts like a psychic
poison which alienates the possessor from the community" Carl Jung
<https://217.72.179.7/members/www.bilderberg.org/phpBB2/>https://217.72.179.7/members/www.bilderberg.org/phpBB2/
Fear not therefore: for there is nothing covered
that shall not be revealed; and nothing hid that
shall not be made known. What I tell you in
darkness, that speak ye in the light and what ye
hear in the ear, that preach ye upon the housetops. Matthew 10:26-27
Die Pride and Envie; Flesh, take the poor's advice.
Covetousnesse be gon: Come, Truth and Love arise.
Patience take the Crown; throw Anger out of dores:
Cast out Hypocrisie and Lust, which follows whores:
Then England sit in rest; Thy sorrows will have end;
Thy Sons will live in peace, and each will be a friend.
http://tinyurl.com/6ct7zh6
--
Please consider seriously the reason why these elite institutions are not discussed in the mainstream press despite the immense financial and political power they wield?
There are sick and evil occultists running the Western World. They are power mad lunatics like something from a kids cartoon with their fingers on the nuclear button! Armageddon is closer than you thought. Only God can save our souls from their clutches, at least that's my considered opinion - Tony
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