Analysts have suggested the fallout from the LIBOR price-fixing scandal may ultimately lead to significant asset disposals or even a break-up of the bank.
Barclays chairman Marcus Agius resigned this morning following the bank's cumulative £290m fine for manipulating its LIBOR submissions, saying "the buck stops with me". But chief executive Bob Diamond remains under intense pressure ahead of an appearance in front of the Treasury Select Committee on Wednesday, and some brokers believe he will soon suffer the same fate as Agius. "Pressure is likely to remain on CEO Diamond to also resign in our view, since he was head of the BarCap division during most of the relevant period 2007-10 and is individually the main focus of political and me...
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