Barclays boss Bob Diamond has resigned from the bank with immediate effect, just one day ahead of a parliamentary hearing into his conduct following the LIBOR scandal.
In a stock exchange announcement Barclays said: "Barclays today announces the resignation of Bob Diamond as chief executive and a director of Barclays with immediate effect. "Marcus Agius will become full-time chairman and will lead the search for a new chief executive. Marcus will chair the Barclays Executive Committee pending the appointment of a new chief executive and he will be supported in discharging these responsibilities by Sir Michael Rake, deputy chairman." Agius himself said yesterday he would quit Barclays but that decision now appears to have been reversed. Barclays a...
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