Did Britain Just Lose Its Smartest Banker?

Tuesday, 3 Jul 2012 | 5:00 AM ET

"In the banking community Bob Diamond was seen as a credible guy, a sort of Steve Jobs of the banking world, Olly Burrows, senior banks analyst at Rabobank told CNBC. Ian Gordon, head of banks research at Investec Securities added " I think this decision is regrettable, mob rule has won the day."