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Financial Times - Bob Diamond, chief executive of Barclays, has pulled out of hosting a London fundraiser for Mitt Romney, the Republican presidential nominee, as the bank faces growing pressure over its role in the price-fixing of lending rates.
“Mr Diamond decided to step aside as a co-host for the upcoming London reception to focus all his attention on Barclays. We respect his decision,” said Andrea Saul, a spokeswoman for Mr Romney’s campaign.
Mr Diamond had been one of 18 co-hosts for a dinner in London later this month in which guests are being asked to pay between $25,000- $75,000 to raise money for Mr Romney, who will be in town for the opening ceremony of the Olympic Games.
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