• News Feeds
Page last updated at 08:01 GMT, Tuesday, 3 July 2012 09:01 UK

Osborne: Diamond resignation 'the right thing'

Advertisement

The Chancellor of the Exchequer George Osborne has described Bob Diamond's resignation as a first step towards a change of culture and a new age of responsibility in banking.

Mr Diamond had "done the right thing for the bank", he told the Today programme's John Humphrys.

Barclays Chairman Marcus Agius told Mr Osborne that Mr Diamond would step down last night. The Chancellor said, repeatedly, that it was not his decision to hire or fire Barclays executives, that was for the bank's board.


Get in touch with Today via email , Twitter or Facebook or text us on 84844.

SEE ALSO

Story Tools

BBC navigation

BBC © 2013 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific