Former BoE deputy to take Barclays chairman role - reports

Sir David Walker, a former deputy governor of the Bank of England, will become the new chairman of Barclays, according to reports.

Sky News has named Walker as the successor to Marcus Agius, who resigned in July following the LIBOR rigging scandal which saw Barclays hit with a £290m fine. He is expected to take on the role at the head of the bank tomorrow. Walker oversaw a review of bank governance for ex Prime Minister Gordon Brown and drew up new guidelines for bank boards after the 2008 financial crisis. Barclays chief executive Bob Diamond and chief operating officer Jerry del Missier were two more high profile scalps claimed by the scandal, which saw the bank was implicated in fixing the interbank lending...