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Barclays chairman Marcus Agius will tomorrow be quizzed about how the scandal-hit bank intends to clean up its act in the wake of the interest rate-fixing revelations that forced chief executive Bob Diamond to quit. Agius, who has also resigned but is staying on until a new chief executive and chairman have been found, is due to be grilled by MPs on the Treasury Select Committee. This weekend he revealed his shock at the scale of public anger that has dogged the bank after it was fined £290m for its role in fixing Libor, a key benchmark used to set interest rates for a raft of financial products. Read more: http://www.dailymail.co.uk/money/news/article-2170571/Barclays-ex-boss-Marcus-Agius-faces-showdown-MPs.html#ixzz204s1ebb1
I bet Bob Diamond will resign by the end of this week. The new chairman of Barclays will come under intense pressure to show chief executive Bob Diamond the door in a dramatic purge at the bank. Marcus Agius is expected to stand down as early as today as the bank battles to repair its reputation in the wake of the interest-rate rigging scandal. But his exit is unlikely to calm the storm threatening to engulf Barclays with critics calling for the head of Diamond and his most trusted lieutenants. Read more: http://www.dailymail.co.uk/money/news/article-2167380/Bob-Diamond-feels-heat-Barclays-chairman-Marcus-Agius-set-quit.html#ixzz1zPkwm900