Barclays Bank chairman, Marcus Agius resigned today. This comes a week after Barclays was fined $ 450 million for alleged manipulation of interest rates. The practices of Barclays and a number of other banks are under scrutiny because of a wide-ranging investigation by regulators. Agius has been chairman of Barclays since 2007 and he'll stay with the bank until his successor is found.
Michael de la Merced is a reporter with DealBook, the finance and wall street news site of our partner, The New York Times.