Marcus Agius
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Barclays bank chairman Marcus Agius to resign

Marcus Agius is to resign as the chairman of Barclays, the BBC has learned.

It comes after Barclays was fined £290m ($450m) for attempting to manipulate the Libor inter-bank lending rate.

Earlier, it emerged The Royal Bank of Scotland had sacked four traders over their alleged involvement in the Libor-fixing scandal.

There will be an announcement about Marcus Agius on Monday morning.

The BBC business editor Robert Peston reports.

  • 01 Jul 2012
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