Ten Things You Need to Know Today: Wednesday 27 Jun 2012

1. BARCLAY'S BOSS DIAMOND GIVES UP BONUS

Barclay's boss Bob Diamond is to give up his bonus after the bank was hit with fines of £290m for manipulating interest rates. Diamond, the bank's chief executive, apologised after Barclay's was fined £59.5m by the Financial Services Authority and ordered to pay $360m to the US authorities. He said that he and other executives would forgo their bonuses.

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