Diamond agrees to give up £20m bonus

Barclays former chief executive Bob Diamond has opted to give up a deferred bonus owed to him from his former bank, worth up to £20m.

Speaking at a Treasury Select Committee (TSC) hearing, Barclays' chairman Marcus Agius said Diamond (pictured) - who resigned from the bank last week - has opted to forgo any deferred bonus he may be owed. "Shortly before I came here we received a notice about what is going to happen," Agius told MPs. "Bob Diamond has voluntarily decided to forgo any deferred bonuses." Agius said the most Diamond would have been due under the scheme was £20m. A stock exchange announcement released by Barclays shortly afterwards said: "Mr Diamond has voluntarily offered to waive all of his unvest...