Bob Diamond, chief executive of Barclays, has said banks must accept responsibility for what went wrong during the financial crisis admitting they still had a long way to go to restore public trust.
In a BBC lecture on Thursday night, Diamond claimed banks needed to learn the lessons of past failures to "become better citizens", according to the Financial Times. His comments mark a sharp retreat from earlier this year, when he came under fire for claiming the "time for remorse needs to be over". Last night Diamond said bankers had done a "poor job" of explaining how they contributed to society and admitted many people saw little difference in the way they behaved now. "First, we have to build a better understanding of how businesses and banks work together to generate economic...
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