Bob Diamond

  • Bob Diamond Twitter

    News

    World’s Greatest (Ex-) Banker Daughter Ties The Knot

    [Bob Diamond via BI] Nell Diamond, daughter of Bob and “HMD” fame, this weekend with dad, pre-wedding.

    / Oct 20, 2014 at 4:00 PM
  • Banks

    Bob Diamond Is So Very Close To Running A Bank Again

    The former Barclays chief’s new hobby is buying financial firms in Africa.

    / Apr 1, 2014 at 3:32 PM
  • Banks

    Bob Diamond Goes Where He’s Pretty Sure No One’s Ever Heard Of Him

    In between friendly discussions under oath, the former Barclays chief is plotting his comeback. In Africa. With a little help from a 32-year-old Ugandan billionaire.

    / Dec 9, 2013 at 5:21 PM
  • Bob-Diamond415

    News

    Bob Diamond To Have A Little Chat Re: Libor

    Former Barclays boss Bob Diamond and other past executives at the British bank are set to be called as witnesses next year in a court case relating to the alleged manipulation of Libor interest rates. Barclays is being sued for up to 70 million pounds ($114 million) by Guardian Care Homes, a UK residential care […]

    / Dec 6, 2013 at 2:06 PM
  • Really! It's uncanny!

    News

    Now That That Bob Diamond Character Is Out Of There, Barclays Is A Real Buy, Says Bob Diamond

    Bob Diamond, who was ousted last year as the boss of British bank Barclays Plc, said it has grown stronger since he left and he plans to buy shares in its 6 billion-pound ($9.6 billion) rights issue. “I’m buying my rights, I’m bullish on Barclays … Barclays has become a better and stronger institution,” Diamond […]

    / Sep 27, 2013 at 2:01 PM
  • News

    Bob Diamond Eases Back Into Things

    With all the money he’s saving on London hotel rooms and taxi fares and donations to his alma mater, Bob Diamond is going back into business with some old friends.

    / May 23, 2013 at 4:49 PM
  • nelldiamond

    News

    Bob Diamond Was Touched His Daughter Responded To His Resignation By Telling British Politicians To Hold Her Dick

    Diamond talked the situation through with Jennifer, his wife of 26 years. “What is the best thing right now I can do for the firm?” he asked. His answer: “Step aside and shut up.” His daughter, Nell, a recent graduate of Princeton, wasn’t quite so discreet. The morning after Diamond announced his resignation, she tweeted: […]

    / May 2, 2013 at 11:01 AM
  • Bob Diamond poses for photographs after being named as Barclays chief executive in 2010

    News

    Barclays’ Board May Have Banned Bob Diamond From Coming Within 200 Feet Of The Building But That Doesn’t Mean They Want To See The Poor Guy Driving Himself Around Town

    As you may recall, over the summer, former Barclays CEO Bob Diamond resigned in disgrace after revelations that bank employees had engaged in rampant rate rigging on his watch. And while the scandal clearly had an affect on his last performance review, Bob and friends o’ Bob will be pleased to hear that it didn’t actually hurt him too badly come pay day! In addition to a couple million pounds (for half a year’s work), it was announced today that Diamond’s 2012 package also includes lodging while he’s visiting old colleagues in town, as well as a company car and driver. No need to see the guy reduced to dirtying his hands opening door or walking, when he’s already been through so much.

    / Mar 8, 2013 at 12:58 PM
  • vikrampandit

    News

    You Haven’t Seen The Last Of Vikram Pandit

    Perhaps, you thought, that the day Vikram Pandit was abruptly and unceremoniously fired from Citigroup was the end. That we’d lost him for good. That he’d retreat to the his Upper West Side manse and spend his days beefing up his Odd Couple memorabilia collection, or work on that novel about a love that dare not speak its name between a bank CEO and the analyst who only acted like she hated him, or build that Zen garden he’d always wanted that the fucks at Citi never let him have. That he was finished with Wall Street. Well fret not. Uncle Vik wouldn’t never do that to you.

    / Feb 8, 2013 at 4:08 PM
  • Barclays chief executive Antony Jenkins

    News

    Barclays CEO Promises To Clear Out His Desk In Hypothetical Scenario In Which Bank Decides To Start Engaging In Rampant Fraud Again

    Mr. Jenkins and the firm’s chairman, David Walker, told politicians on Tuesday that they were prioritizing ethics and reducing risky trading activity, adding that they would take responsibility if future problems were discovered at the bank. The Barclays’ chief, who agreed to forgo his bonus in response to the series of scandals that have hit Barclays in recent years, said he would resign if another scandal was uncovered while he was leading the bank. “The chief executive is responsible for what happens during their tenure and when incidents happen the price needs to be paid and I believe were I to find myself in that position I would do the right thing,” Mr. Jenkins said on Tuesday. When politicians asked Mr. Jenkins if he was eradicating the culture that he inherited from his predecessor Robert E. Diamond Jr., Barclays’ new chief said he was indeed “shredding that legacy” of sometimes being “too self-centered and too aggressive.” [Dealbook]

    / Feb 5, 2013 at 3:05 PM
  • News

    Financial Services Authority Had Doubts About This Bob Diamond Character Back In 2010

    The regulator didn’t specifically suspect anything re: propensity for manipulating Libor, just a general feeling it couldn’t necessarily trust the guy, which Barclays chairman Marcus Agius conceded was not entirely off base.

    On Wednesday a British parliamentary committee release an internal record from the Financial Services Authority dating back to September 2010. The note details a discussion between Barclays Chairman Marcus Agius and then FSA chief Hector Sants during the final stages of the regulatory approval process for Mr. Diamond’s promotion to CEO. In the note Mr. Sants said that Mr. Diamond had not reached “the level of openness, transparency and willingness to air issues with the FSA” of his predecessor. Mr. Agius agreed and said that the outgoing Barclays CEO John Varley would “coach” Mr. Diamond on the issue…During a meeting with lawmakers after Mr. Diamond’s resignation, Mr. Agius said that the Libor issue had not been raised by the FSA when it vetted the CEO.

    U.K. FSA Warned Barclays Over Diamond in 2010 [WSJ]

    / Sep 19, 2012 at 4:48 PM
  • News

    New Barclays CEO May Or May Not Have The Balls To Take An Ax To Bob Diamond’s Baby, Says Guy

    Antony Jenkins said he will outline his plans for Barclays in the first quarter of next year. “The challenges that confront investment banking as an industry are driven by regulatory change and the economic environment,” the new CEO said by telephone today. “It requires us to think strategically about the direction of investment banking.” The […]

    / Aug 30, 2012 at 12:37 PM
  • News

    Bob Diamond Lieutenant Jerry Del Missier Ended Up Faring A Bit Better In The Parting Gifts Department Than The Boss

    The bad news is that former Barclays chief operating officer Jerry del Missier is still out of a job and it may be some time before he gets a new one, on account of “investigations conducted by American and British authorities [demonstrating] he was a central figure” in the scandal du jour and “asked other bank officials to lower the firm’s submissions to Libor.” The good news is that Jer is still (probably) getting paid, unlike some people he knows.

    Barclays was mired in fresh controversy on Wednesday night after handing almost £9m to a top banker who left following the Libor scandal and after one of its highest profile non-executive directors suddenly quit, taking the toll at the top to four. Jerry del Missier, who resigned after telling subordinates to reduce the bank’s Libor submission during the October 2008 banking crisis, was reported to have been handed £8.75m cash as part of his leaving package.

    Shadow Treasury minister Chris Leslie called on del Missier to follow Diamond and waive the bulk of his payoff. “Having resigned from Barclays over the Libor fixing scandal, people will find the scale of this award completely inappropriate. Bob Diamond rightly waived most of his pay off and Mr del Missier ought to do the same,” Leslie said.

    £9m leaving deal for Barclays deputy Jerry del Missier [Guardian]
    Former Top Barclays Official in Line for $13.6 Million Payout [Dealbook]

    / Jul 26, 2012 at 2:57 PM
  • News

    Colby College Protesters Don’t Want (Any More Of) Bob Diamond’s Dirty Money

    Protesters at Colby College on Saturday afternoon called on the administration to “restore Colby’s moral compass” and demand the resignation of Robert E. Diamond Jr., chairman of the college’s board of trustees…Among the roughly dozen demonstratoers, Josh Lawrence, of Farmingdale, said college officials should acknowledge that millions in donations to Colby came from alleged illegal […]

    / Jul 23, 2012 at 5:46 PM
  • News

    Former Barclays Executive Jerry del Missier Not Doing Bob Diamond Any Favors

    Barclays ex-chief operating officer, Jerry del Missier, contradicted Robert Diamond, saying his former boss told him to submit artificially low Libor rates, and blamed compliance managers for failing to act. Del Missier, 50, told Parliament’s Treasury Committee today that he received an instruction from Diamond, then chief executive officer, that he took to have come […]

    / Jul 16, 2012 at 5:56 PM
  • Another for the why-would-you-ever-make-this-face-on-camera file

    Barclays, News

    Who Should Be Sharpening Their Pitchforks For Barclays?

    The Barclibor scandal doesn’t seem to be going away, so it might be productive to try to figure out how much outrage is the right amount of outrage and express it in dollars. You can be all “what a bunch of crooks, with the emails, and whatnot” and sure, but there are lots of crooks […]

    / Jul 5, 2012 at 3:37 PM
  • HMD

    Bob Diamond’s Daughter Releases Statement Re: Father’s Firing

    While most offspring are typically not available for comment following the resignations, voluntary or otherwise, of their banker dads (lookin’ at you, Jimmy Cayne, Jr.), earlier today prolific Tweeter Nell Diamond had this to say to the Brits who have been cheering her father’s departure: “George Osborne and Ed Miliband you can go ahead and #HMD.”

    Unfortunately the note has since been deleted (and replaced with “No one in the world I admire more than my dad. 16yrs building Barclays. Shame to see the mistakes of few tarnish the hard work of so many”) but the vigorous defense was appreciated nonetheless. Previously Nell, a 2011 Princeton graduate, has had words for Ben Bernanke (“you know what bernanke? maybe tomorrow I will make lots of “projections” and YOU will miss the dumpling truck. how ya like them apples B?”), the slag heaps at Coachella (“every girl at coachella looks like pocahontas went to burning man. ugh. you probably can’t even pronounce rodarte”), and the amateur hour fucks who think her name is Neil and who she should stab with a trident (“number of people who have called me neil today: 4 via email, 1 via phone. number of people to add to my billy madison lipstick kill list: 5.”).

    Bob Diamond’s Daughter Defends Her Dad [NS via DI]

    / Jul 3, 2012 at 1:13 PM
  • News

    Bonus Watch ’12: Second Year Barclays CEOs

    In an effort to strike a balance between being competitive and responsible, Bob Diamond will only receive 6.3 million pounds ($10 million) for his work in 2011, down from $9 million in 2010. Technically, his total package amounts to 17 million pounds ($26.9 million), but that includes stuff from previous years. [Reuters]

    / Mar 9, 2012 at 5:51 PM
  • News

    Is Bob Diamond Padding His Jerk-Firing Numbers?

    As some of you may recall, last year in an interview with the Finanacial Times, Bob Diamond revealed the secret to Barclays success: “a no-jerks policy on hiring, taken seriously from the top executive suites on down.” Unfortunately, despite a rigorous interview process, some pricks still slip through. Deadly serious about not having time for […]

    / Dec 14, 2011 at 1:13 PM
  • News

    Bob Diamond’s Got All Kinds Of Exciting Stuff Planned For Barclays

    First order of business: bonuses. Bobby’s been working on something he thinks you’re gonna love. Bob Diamond will stamp his authority on Barclays next month, when the incoming chief executive announces a radical overhaul of the way it pays its top bankers as part of a broader strategic review that could see the group shed […]

    / Jan 24, 2011 at 10:30 AM
  • News

    Will Bob Diamond Take A Bonus This Year?

    The short answer: yes. The slightly longer answer:

    / Jan 11, 2011 at 12:43 PM
  • News

    Bob Diamond Will Not Be Limiting Bonuses For Barclays Staff This Year, Would Appreciate It If The Bank Bashers Would Piss Off, Buy A Clue

    Earlier this morning across the pond, Bob Diamond told the House of Commons Treasury Committee that while payouts will be distributed “responsibly,” Barclays employees will be awarded bonuses that reflect the work they’ve done this year and will not be dictated by some arbitrary cap. Why won’t BD listen to the repeated calls from the […]

    / Jan 11, 2011 at 11:57 AM
  • News

    Bob Diamond’s One-Man Cheering Squad Has Not Gone Unnoticed

    “Bobtimistic” is how Rich Ricci, Barclays Capital’s new co- chief executive officer, described Diamond’s eternally upbeat attitude to assembled executives in September as he introduced a five- minute video send-off tribute, featuring a digital scrapbook titled “The Wonder Years,” with clips of Diamond hiking up his yellow suspenders in 1997 as he talked about making […]

    / Nov 30, 2010 at 11:17 AM
  • News

    The (Alleged) Secret To Barclays’ Success: Strict Enforcement Of Hiring Rule Generally Waived At Other Banks

    This is the first bold claim in a Financial Times article today on how Barclays Capital has done so well for itself over the last 14 years: “most investment banks claim to have a ‘no-jerk’ policy on hiring.” Of course, on occasion, said rule is overlooked. Not too many times, once, maybe twice at Goldman […]

    / Mar 15, 2010 at 1:45 PM

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