Marcus Agius
Media playback is unsupported on your device
Video

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 formal announcement about Marcus Agius on Monday morning.

The BBC's Ben Thompson reports.

  • 01 Jul 2012
Go to next video: Should Bob Diamond stand down?