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London: Lock Up Your Libor-Setters

Bob Diamond is back in town!
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By World Economic Forum [CC BY-SA 2.0], via Wikimedia Commons

By World Economic Forum [CC BY-SA 2.0], via Wikimedia Commons

After five years in exile, findinghimself in Africa and gazing intently across the Atlantic from his refuge in New York City, former Barclays CEO Bob Diamond is making his grand re-entry into British investment banking.

Bob Diamond, the American banker who left Barclays PLC five years ago, is back in town to buy ailing stock broker Panmure Gordon & Co. PLC….

Its new owners said they want to build it into a larger boutique investment bank with more products, despite regulatory and structural pressures that have weighed on the earnings of Panmure and its rivals.

London Lures Bob Diamond Back [WSJ]

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