City Diary: Barclays Libor manipulation rings a bell - Telegraph.co.uk

While the bank's chief executive, Bob Diamond, was fending off calls for his resignation, one of its non-executive directors was running around London pursuing the clearly more important cause of self-promotion.

Dambisa Moyo, the economist and author, tweeted a picture of herself at the Houses of Parliament yesterday discussing her latest tome, which is ironically entitled: "Winner Take All."

Something tells me that's a mantra Ms Moyo won't dare repeat in the Barclays' boardroom any time soon. .

The silver lining

For every cloud there's a silver lining. Or thats the message from JC Rathbone in any case.

The derivatives experts suggest that the Libor manipulation – given it lowered rates as well as raised them – would "almost certainly" have had a beneficial effect on the economy. Well that's ok then.

Bob can seek comfort in an online flutter

If Bob Diamond is looking for a few crumbs of comfort during these turbulent times, the Barclays boss could do worse than turn to the Paddy Power website.

The bookie may be offering odds of 5-2 that he will resign as chief executive of Barclays by the end of July but the bank's chairman, Marcus Agius, is pulling in the bigger money.

The odds on Mr Agius's head hitting the proverbial chopping block in the next month are even narrower at 5-4.

Comfort indeed.