In late June, Barclays agreed to pay $450
In ray ban wayfarer late June, Barclays agreed to pay $450 million to settle accusations by American and British authorities that it reported false rates in an effort to improve profits and make its financial position look stronger. The case, the first major action stemming from a global investigation into big banks, focuses on a key benchmark known as the London interbank offered rate, or Libor. Such rates are used to help determine the borrowing costs for credit cards, mortgages and other types of debt. To help quell the anger over the case, Mr. Diamond agreed on Tuesday to forgo up to $31 million in stock bonuses that he was set to receive. Last week, the bank’s chairman, Marcus Agius, said he also would resign, along with one oakley sunglasses online discount of Mr. Diamond’s top deputies, Jerry del Missier. “I am sorry, angry and disappointed,” Mr. Diamond told the parliamentary committee last week. On Tuesday, British politicians directed their ire at Mr. Agius, who testified at the hearing for more than two hours. Lawmakers focused mainly on the oakley sunglasses womens online sale actions of Mr. Diamond, wondering what went wrong inside the bank.