Barclays Chairman Marcus Agius Taking The Fall For The Libor Scandal
by The Compliance Exchange on July 2, 2012
Marcus Agius, the chairman of Barclays, is resigning in a move intended to take some of the pressure off the embattled bank’s chief executive Bob Diamond, who has faced calls to quit in the wake of the interest rate fixing scandal.
Amid growing political pressure for a top-level departure – and a weekend of high drama during which the bank had insisted on Saturday that Agius had no plans to go – the chairman’s departure was being agreed on Sunday and is expected to be announced on Monday morning.
Read Full Article: Guardian
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