Bob Diamond says sorry to staff for reputational damage to bank

BARCLAYS chief executive Bob Diamond yesterday tried to put to bed any rumours that he might be leaving the bank after it was shamed with a £290m fine for fixing the Libor interest rate.

In a memo issued to staff, the Barclays chief executive said: “I understand why the reaction has been severe. No one is more sorry, disappointed and angry about these events than I am.

“I am disappointed because many of these behaviours happened on my watch. It is my responsibility to make sure that it cannot happen again,” he said.

In a sign that he is not prepared to leave, he added: “We can and will restore Barclays’ reputation.”

Rejecting the notion that the Libor scandal is “indicative of the culture at Barclays generally”, Diamond said: “I love Barclays.”