FALLEN banker Bob Diamond has apologised for the first time for the interest rate-rigging scandal that has engulfed the industry.

After resigning as chief executive, Mr Diamond told MPs yesterday he was "sorry" and "angry" over the rigging by Barclays of the Libor rate that decides how much people pay for mortgages and loans.

He described feeling "physically ill" when he had first read of what traders at his bank had done.

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