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Bob Diamond's alleged bid for Barclays' Africa assets shows what a big mistake it was to let him quit

Mar 4, 2016, 14:27 IST

"Earn success every day"

LIBOR - or the London Interbank Offered Rate - is the daily measure meant to show the rate at which banks will lend to each other and is used to set the price of hundreds of trillions of dollars worth of financial products.

He was the antidote to Diamond. And he was fired in 2015. Barclays then hired Jes Staley who was tipped to unravel everything Jenkins had done.

However, after Staley unveiled a loss for 2015, a new structure, and his proposed sell-off of Barclays Africa - it looks like the bank is giving Diamond all the tools he needs to build his own empire.

Atlas Mara

Diamond's empire

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