Turnaround at the top of Barclays. The chairman of the board, Marcus Agius, resigned after the scandal linked to the manipulation of interbank rates. This was announced by the British Bank itself.
"Last week's events exposed unacceptable behavior within the institution and dealt a devastating blow to Barclays' reputation," reads a statement signed by Agius. Barclays intends to request an audit of current practices, the report of which will be made public. A new code of conduct for employees will also be issued.
The Bank announced last Wednesday that it would pay 360 million euros to put an end to the investigations by the two authorities of Great Britain and the United States into attempts to manipulate the interbank rates Euribor and Libor, which define not only the interest rate of loans between institutions but also indirectly those of loans granted to households and businesses.
