Barclays boss Bob Diamond
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Barclays boss Bob Diamond says he will not resign

The boss of Barclays has insisted he will not resign after staff rigged the key lending rate between banks.

Bob Diamond was speaking at a meeting of analysts at US bank, Morgan Stanley.

And in a letter agreeing to give evidence to MPs, Mr Diamond condemned the inappropriate behaviour of a "small number" of employees who had tried to make profits for their own benefit.

On Thursday, the prime minister said the bank's management faced "serious questions" after it was fined £290m.

Ben Ando reports.

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