Diamond admits traders’ behavior “reprehensible”
LONDON (Reuters) – The chastened former head of Barclays apologized for the "reprehensible" behavior of his traders who fixed interest rates, but told British lawmakers on Wednesday his bank had been unfairly singled out after coming forward to admit wrongdoing. Bob Diamond, 60, quit this week after Barclays agreed to pay nearly half a billion dollars in fines for manipulating the interest rates at the heart of the global financial system. British politicians have seized on the case as a symbol of a culture of greed that has poisoned the entire financial industry. . . .
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