Bloomberg News

Barclays CEO Says Firebreak Cost May Be More than $1.5 Billion

December 14, 2011

Dec. 14 (Bloomberg) -- Barclays Plc Chief Executive Officer Robert Diamond said the cost of the Independent Commission on Banking’s proposals to the bank will probably be “north of 1 billion pounds” ($1.5 billion).

He was speaking before a House of Commons committee today.

To contact the editor responsible for this story: Jon Menon at jmenon1@bloomberg.net


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