Barclays shares plummet 8% as politicians call on Diamond to quit

The bank was fined £290m by UK and US regulators yesterday for breaching LIBOR rules, after being found to have illegally influenced the rates which banks borrow from each other. While shares held up yesterday, this morning they tanked, and are currently down 8.34% or 16p, to 179.70p. Other banks said to be under investigation are also under pressure, with RBS down 5.5% or 12.8p, at 220.4p. The FTSE 100 is down 1% at 5,464. Politicians have now waded into the row, demanding answers from Diamond and his colleagues. The Treasury is preparing to make an emergency statement on ev...