Barclays CEO: Banks Should Stop Apologizing

Banks should stop apologizing for mistakes made during the financial crisis, Barclays‘ (BCL) new head told British lawmakers, striking a sometimes defiant tone in a grilling over bonuses on Tuesday. “There was a period of remorse and apology for banks and I think that period needs to be over. We need our banks willing to take risks … so we can create jobs,” U.S.-born Bob Diamond — one of Europe’s highest paid executives — told members of the Treasury Select Committee.- Reuters

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