Marcus Agius
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Diamond to 'forgo' £20m bonus amid Libor scandal

10 July 2012 Last updated at 10:42 BST

The Chairman of Barclays Bank, Marcus Agius, has told the Treasury select committee that the outgoing CEO Bob Diamond has voluntarily decided to forgo 'any deferred bonuses' to which he would otherwise have been entitled.

Mr Diamond could have claimed up to £20m in bonuses - despite his resignation over the inter bank lending rate scandal.