Description: Robert Diamond’s resignation, effective immediately, as chief executive officer of Barclays PLC UK:BARC -2.05%  BCS -1.72%  Tuesday morning in the wake of the Libor-manipulation scandal comes a day after he reportedly sent a letter to employees saying he was “sorry” and pledged to impose tougher internal controls. Full story: Bob Diamond resigns as Barclays CEO.

Source: Marketwatch.com

Date: July 03, 2012

Link: http://www.marketwatch.com/story/period-for-remorse-catches-up-to-diamond-2012-07-03?siteid=nwtwk

Questions for Discussions:

• Do you believe there is an internal control problem?
• Is the culture within these institutions the problem?
• Is this resignation going to make any difference to future management operations, in your opinion?