Wall Street CEOs Who Embarrassed Themselves

11 Kenichi Watanabe

Kenichi Watanabe of Nomura left the bank in July 2012. It was a crucial period for the bank when financial regulators had been investigating insider trading allegations on the bank. The allegations blamed that Nomura had been being part of leaking information ahead of scheduled securities offerings. Nomura officials felt the danger of other insider trading issues also getting investigated. Besides all these, the bank’s earnings had also been weak. At the end Kenichi Watanabe gave up.

12 Bob Diamond

Earlier in the year 2012, the financial regulators from both United States and United Kingdom fined Barclays, after it was discovered that the bank had been manipulating interbank lending rates, more specifically the LIBOR. Quite naturally, Bob Diamond, the CEO of the firm had to take the responsibility of the foul play. Later, as he had no other option, he opted for resigning his post in July 2012 and bid bye to the firm.