Barclays faces more woe as key staff reject top jobs

Barclays continues to face a leadership crisis following the LIBOR scandal, with two of its most senior executives ruling themselves out of going for the top jobs at the bank over the weekend.

Michael Rake, deputy chairman of Barclays, has ruled himself out of contention to be its new chairman, striking a blow to the UK bank as it hunts for new leadership to steer it through its interest rate-rigging scandal. Rake, who was considered the favourite to replace departing chairman Marcus Agius, is not interested in the role, sources told Sunday Times. Separately Rich Ricci, head of Barclays' investment bank, has also rejected the chance to replace former chief executive Bob Diamond at the helm of the embattled bank. According to the Telegraph, Ricci is believed to have told ...