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Bob Diamond letter to staff: 'I love Barclays'

In a letter to Barclays staff Bob Diamond has said he is sorry for the mistakes the bank made, but more than that he is angry that the good name of the bank has been sullied, saying, 'I love Barclays.'

"Let me start by saying that I understand why the reaction has been severe. No one is more sorry, disappointed and angry about these events than I am.

"I am sorry because we let down the people whose trust we rely on – our customers and clients; our shareholders; our regulators; and the communities in which we live and work.

"I am disappointed because many of these behaviours happened on my watch. It is my responsibility to make sure that it cannot happen again.

"More than anything, though, I am angry because the impression has been given that the behaviour revealed in the documents last week is indicative of the culture at Barclays generally.

"I love Barclays, and I am proud of all of you. We all know that these events are not representative of our culture, and it is my responsibility to get to the bottom of that and resolve it. Make no mistake the actions taken in this incident were against all of the principles we live by."