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

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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 profits to Barclays and, in turn, Diamond. "They should make a public statement and not take money from him again and remove him as the chairman," Therrien said. A Colby spokesman said earlier this month that the college is "mindful" of Diamond's situation. "Nothing that's emerged from these stories has changed Bob's relationship with the college," Colby spokesman Michael Kiser said in a story published July 14 in the Morning Sentinel and Kennebec Journal. "He's long, long been a valuable supporter and a great leader for the board of trustees." [Morning Sentinel via Counterparties]

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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]