So Bob Diamond has finally resigned over the scandal that has raged around Barclays and seen fine of £290 million levied on them. Did he jump or was he pushed? Draw your own conclusions, but once a person becomes a liability rather than an asset, they need to be removed from the balance sheet.
Is this the end of the matter? Not by a long way. There's a culture within the banking sector that will take more than the resignation of one high-profile figure to resolve. Banks are no longer seen as safe places for our money, or a trusted friend who will help businesses grow, or ease them through hard times.
Ironically, as the face of a major bank falls on his sword, it's the faceless nature of banking that has been a growing trend. No-one in our local branch seems to care about us any more or know us by name. It's impossible even to phone a branch, and instead we need to speak to a distant voice more interested in our security details than how they can help us.
Of course, now that Bob Diamond has decided to spend more time with his money, things may change a little. But there's a long, long way to go yet. For now, Diamonds aren't a bank's best friend.