Bob Diamond would have known about Libor rigging, claims whistleblower

A former senior Barclays employee has claimed that the bank’s ex-chief executive Bob Diamond would have known that his traders were involved in the interest rate rigging scandal.

The whistleblower’s accusation comes after the bank announced on Friday that it had begun a formal investigation into attempts to fix Libor, meaning that criminal charges could be brought against implicated traders.

The banker alleged that Barclays executives would have been informed about Libor concerns in 2008, adding that staff knew they faced the sack if they failed to inform senior managers of untoward behaviour.

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