Monday, 02 July 2012 11:30
LONDON: Barclays chairman Marcus Agius is standing down after the British banking giant was last week fined for attempting to manipulate inter-bank lending rates, the company said on Monday.
Announcing his resignation, Agius said last week's events had "dealt a devastating blow to Barclays' reputation. As chairman, I am the ultimate guardian of the bank's reputation. Accordingly, the buck stops with me and I must acknowledge responsibility by standing aside."
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