Diamond will leave the bank immediately.Mr. Agius will remain chairman while Barclays searches for his replacement-and for a new chief executive, the bank said. Monday, the bank said Chairman Marcus Agius would resign. Two people close to the bank said Tuesday that Jerry del Missier, the chief operating officer, is likely to step down from his role. The scandal is tearing through Barclays's top ranks. “sort of undoing a lot of the hard work the Fed has been doing this year to slow the economy,” Draho said.īarclays CEO Resigns (WSJ) Robert Diamond Robert Diamond resigned Tuesday amid intense political and investor pressure from the British bank's involvement in rigging an important interest-rate benchmark-and another senior executive appeared close to following him out the door. “There’s a disconnect between me and the markets,” Minneapolis Fed President Neel Kashkari said last week…. In High-Stakes Inflation Game, Wall Street Bets the Fed Is Bluffing įor many investors, the rebound reflects a belief that inflation has peaked, and expectation that the Fed will shift from raising rates to lowering them sometime next year.Ī parade of Fed officials has tried to push back. “We are in this sort of purgatory state.” “Most people don’t believe we’re out of the woods quite yet,” he said. The rally could reverse if the Fed proves unsuccessful at lowering inflation, said Steven Chubak, analyst at Wolfe Research. shares are up about 9% so far in the third quarter…. banks have outperformed the S&P 500’s 13% gain…. Since the end of June, five of the six largest U.S.

Berlusconi imeme