Barclays Executive Bob Diamond Also Resigning From Mitt Romney Fundraiser

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Wealthy investment bankers are great fundraiser hosts during your campaign for president—unless they just resigned in scandal.

Chief executive of Barclays Bob Diamond, who stepped down this week after revelations that Barclays Capital was trying to hide losses at the bank from national regulators, has also bowed out of co-hosting a high-priced fundraiser in London for Mitt Romney.

The fundraiser, reportedly costing between $25,000 and $75,000 a ticket, would have also featured the GOP candidate, who is visiting Britain for the opening ceremonies at the London Olympics. A Romney spokesperson said that they respected Diamond's decision "to focus all his attention on Barclays."

Diamond, one of the highest-paid executives in Britain, resigned Tuesday under political pressure and pressure from shareholders. His multinational banking company is also paying a $453 million settlement after regulators discovered traders tried to secretly adjust a key inter-bank lending rate to hide funding difficulties and pad the pockets of certain traders.

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[Otto Lund]

Thanks

abeldanger net



[mikiyanto]

god bless bob diamond what he have done is not sin but is wrong that why the money he makes he fund for mit romey . mit romey he can use the money for his presidential campaign

[mikiyanto]

so many people proud of what he have done money laundery, abusing stock exchange value , abusing the lending interest rate . the school of chamber of commerce student this how said about him he is our hero he inspire us every body will do the same when his possition

[mikiyanto]

bob diamond he denied so many thing . he abuse the stock exchange value also the lending interest rate so many people victume by him , who knows may be he raise money for mit romney for barclay client money nobody investigated

[cloudbusterman]

Will BD get a Congressional Medal of Honor for his sterling, er dolorous, services in restoring the US' status as banking capital of the world? The CEOsars of the corporations will be doing Emperor Nero impressions, going nuts.

Maybe not, as receipt of proceeds of crime, in any form, such as bonuses, salary, golden parachute,share options, oder etwas, is prima facie still a crime. So some jail time is expected. How much? Maybe I year per dollar as that's the going rate for lowest status people?

[sail1948]

Spot on mate.If I was able to chore off millions of £'s with no come back I'd be at it like a rat up a drain pipe. But I'm not in that position, so like the hypocrite I am I'd like to see Diamond doing some serious jail time. :)

[apagoogoo]

if you weren't necessarily inclined to be a crook, but then discovered that stealing billions of pounds would result in a mere slap on the wrist, you'd likely give it some serious consideration too. i mean, if getting caught doesn't even matter, why the hell not?

[belfasta]

NO SURPRISE HE WORKED FOR THE YANKS AS WELL THIS IS HOW HE LEARNT HOW TO SCREW US AS THE YANKS CAUSED THIS MESS ANYWAY GOLDMAN SACHS SHOULD BE TOOK OUT

[Erel H L]

HSBC is the biggest bank in the UK, and the world too in fact,