Bob Diamond: Money isn't my goal, I don't even own a boat

Shamed former Barclays boss admits 'I didn't understand Libor' in first interview since he quit

Bob Diamond
(Image credit: Getty Images)

BOB DIAMOND, the former Barclays boss once described as the "unacceptable face of banking" by Peter Mandelson, has claimed he is not motivated by money and doesn't even own a boat.

In a lengthy interview with The New York Times, his first since being ousted from Barclays in the wake of the Libor rate-rigging scandal ten months ago, the American-born banker explains that while it might sound as "arrogant as hell", he "never set money as a goal. It was a result."

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