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PM welcomes Barclays' Diamond bonus waiver
LONDON (Reuters) - Prime Minister David Cameron welcomed on Tuesday the decision by Barclays ex-Chief Executive Bob Diamond to forgo his bonus this year.
"I think the decision to forego the bonus is a sign that that they understand public concerns and that they understand that there's a need for a change in the culture of banking," Cameron's spokesman told reporters.
Diamond resigned last week over a bank-rate fixing scandal at Barclays, but other banks are also believed to be involved.
(Reporting by Mohammed Abbas; Editing by Steve Addison)
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