Diamond facing battle with Barclays to keep £25m pay-off

The board called a late meeting last night to discuss its position in regard to Diamond's £18m of unvested share options and £4m-plus of benefits, the Telegraph reports. He is also due more than £2m in lieu of a year's salary and pension following his departure earlier this week. Legal arguments could centre on the reputational damage the LIBOR scandal has done to the bank, whose shares have fallen 15% since it broke. A source close to the board told the paper: "Barclays needs to establish where it stands legally with regards to Bob's contract and entitlements. "The bank is full...