BarclaysBank

Barclays Appoints Robert Diamond as CEO

British bank Barclays PLC (BSC) appointed Robert Diamond Jr. as CEO, according to The Wall Street Journal. Diamond is currently the head of Barclay%u2019s investment banking business. He will replace John Varley, who will step down on March 31, The Wall Street Journal said.

Legal Briefing: New Jersey Settles SEC Fraud Charges

The Securities and Exchange Commission made history this month when it charged New Jersey with fraud for lying to its bond purchasers about its underfunded pensions -- the first time the SEC ever sued a state for securities fraud. But New Jersey has already settled the case.

Legal Briefing: Blagojevich Lied But Not Corrupt

The jury found ex-Illinois Governor Rod Blagojevich guilty of lying to the FBI but deadlocked on the 23 other charges. Because of one hold-out juror, Blagojevich goes free on charges including allegedly selling the President's Senate seat.

Legal Briefing: Barclays Joins List of Sanctions Violators

Barclays agreed to pay $298 million to settle criminal charges that it did business with countries like Cuba, Iran, Libya and Sudan, violating U.S. economic sanctions against these nations. Barclays is just the latest in a string of banks that have transacted with such countries.