Mr. Diamond, who resigned on Tuesday following a rate-fixing scandal, deflected questions onto other banks and the integrity of the rate-setting mechanism as a whole.

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That is tantamount to a death sentence for a corporation that lives on its integrity--it was, at any rate, for Arthur Andersen.

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The Dividend Integrity Index simply divides the past 5 year dividend growth rate by the dividend payout ratio, and listed values greater than one.

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