Ten Things You Need to Know Today: Wednesday 4 Jul 2012

1. FORMER BARCLAYS BOSS DIAMOND 'SORRY'

Former Barclays chief executive Bob Diamond, who resigned this week after Libor rate-fixing scandal, has told MPs he only discovered the true extent of the rigging recently and said emails between traders made him feel "physically ill". Appearing at the Treasury Select Committee he said he was "sorry, disappointed and angry".

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