Barclays Chief Executive Bob Diamond
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Barclays boss: 'Banks should be allowed to fail'

The Chief Executive of Barclays has said that banks should be allowed to fail if they have bad management.

Bob Diamond told a Treasury Committee hearing that tax payers should not fund further bail outs.

Mr Diamond said risk-management and strong regulation was the key to ensuring that tax payers never have to put money into banks again.

  • 11 Jan 2011
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