Murdoch Defends Diamond via Twitter

    SAN FRANCISCO, CA - OCTOBER 14:  News Corp. CEO Rupert Murdoch delivers a keynote address at the National Summit on Education Reform on October 14, 2011 in San Francisco, California.  Rupert Murdoch was the keynote speaker at the two-day National Summit on Education Reform.  (Photo by Justin Sullivan/Getty Images)

    Justin Sullivan / Getty Images

    Bob Diamond has a friend in Rupert Murdoch. The media mogul took to social media to defend the English banker, saying, “Don't know, but suspect Diamond scapegoat used by old establishment who did not like energetic competitor.” Diamond, 60, quit as CEO of the London-based bank last week after it was fined a record £290 million—that’s $449 million—for trying to rig the interbank offered rate for more than $360 trillion of securities.

    Read it at Twitter