- uploaded: Jul 3, 2012
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Just when Britain's bankers thought the worst public vilification was behind them - now the CEO of one of the world's largest banks has been forced out. Bob Diamond from Barclays has bowed to all-round pressure, after his bank was caught fixing a key interest rate which overcharged customers when the financial crisis struck. The Chief Operating Officer has also quit - the third top executive in two days to do so.
RT talks to Economics Professor Rodney Shakespeare from London.