Barclays chairman Marcus Agius resigns over rate rigging
scandal
Barclays chairman Marcus Agius quit and said an interest
rate rigging scandal had dealt "a devastating blow" to the bank's reputation and "the buck stops with
me".
Agius, chairman at Barclays for 5-1/2 years, will stay in his position until a succession plan is assured.
Pressure has built on him and CEO Bob Diamond to quit following a $453 million fine for Barclays by British and U.S. regulators for submitting inaccurate submissions on the Libor interest rate.
Agius, chairman at Barclays for 5-1/2 years, will stay in his position until a succession plan is assured.
Pressure has built on him and CEO Bob Diamond to quit following a $453 million fine for Barclays by British and U.S. regulators for submitting inaccurate submissions on the Libor interest rate.
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