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Barclays chairman quits in bid to stop the bleeding

Publié par Clifford Armion le 07/02/2012

Cahal Milmo

The chairman of Barclays confirmed today that he is stepping down as the storm over the interest rate fixing scandal led to sackings at another high street bank and political pressure grew for a City-wide criminal investigation.
The departure of Marcus Agius was announced this morning as the embattled bank moved to satisfy political demands for a senior executive to take responsibility for the debacle which has wiped billions off its share price and shaken confidence in Britain's financial institutions.
In his statement this morning, Mr Agius said: he was "truly sorry" and that "the buck stops with me."
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"Barclays chairman quits in bid to stop the bleeding ", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), février 2012. Consulté le 19/04/2021. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/barclays-chairman-quits-in-bid-to-stop-the-bleeding-