Bob Diamond to return to City with Panmure Gordon buyout

'Unacceptable face of banking' launches joint bid with Qatari investment firm for London's oldest stockbroker

Bob Diamond
(Image credit: Getty Images)

A former Barclays boss branded the "unacceptable face of banking" by Labour peer Peter Mandelson is set to make a high-profile return to the City.

Bob Diamond, head of investment banking at the lender during the financial crisis, is bidding to buy Panmure Gordon, one of London's oldest stockbroker.

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