[h=3]By MAX COLCHESTER, JASON DOUGLAS and AINSLEY THOMSON[/h]LONDON—Former Barclays PLC Chief Executive Bob Diamond said Wednesday that he feared the bank would be nationalized during the financial crisis in 2008 because of its high funding costs.
Associated PressFormer Barclays chief executive Bob Diamond gives evidence to the Treasury Select Committee in London.
During a parliamentary hearing, Mr. Diamond said he was worried that government ministers were scrutinizing Barclays high interbank borrowing rates. This was just days before Barclays received a cash injection from Middle Eastern investors.
Associated PressFormer Barclays chief executive Bob Diamond gives evidence to the Treasury Select Committee in London.
During a parliamentary hearing, Mr. Diamond said he was worried that government ministers were scrutinizing Barclays high interbank borrowing rates. This was just days before Barclays received a cash injection from Middle Eastern investors.