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Business Bites: Global probe into interest rate manipulation

Marcus Agius, the chairman of Barclays - one of the world's largest banks - has resigned following revelations about interest-rate manipulation by its staff.

It has now been confirmed that 20 other banks across the world are being investigated for their alleged involvement in the rigging of the so-called Libor inter-bank lending rates.

Meanwhile, unemployment has reached a new high in the eurozone with the number of people without work rising above 17.5 million in May.

The BBC's Philip Hampsheir discusses the key financial stories of the day.

Go to next video: Barclays chairman 'truly sorry'