London banks are heated about the Libor-fixing scandal. Shareholders and politicians are asking why after Barclays chairman Marcus Agius resigned from his post, Bob Diamond, firm CEO, will stay on until his replacement is found.
Diamond, in addition to his role at the firm, was responsible for for investment banking between 2005-2009 when he made the error that compromised London's credibility.
David Cameron fears how far the scandal will reach, and he promises to investigate swiftly and fully and to take legal action depending on the results of the investigation. It seems necessary to complete a full investigation to see what happen and also to dismiss Diamond.
