Banking scandal: how document trail reveals global scam

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16. Latest -Barclays scandal forces out chairman Marcus Agius

http://www.guardian.co.uk/business/2012/jul/01/barclays-chairman-poised-departure
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The boardroom reshuffle comes as Barclays gears up for Diamond's appearance before MPs on the Treasury select committee on Wednesday. The American-born chief executive is expected to face tough questions about what changes have been made at the bank since it was landed with a record £290m fine last week.

The fine, and the embarrassing emails disclosing the way traders attempted to manipulate the interest rates with offers of bottles of Bollinger champagne, unleashed a wave of political fury – which will intensify when MPs hold their hearings on Wednesday and Thursday.

Agius, who is also expected to resign as chairman of the industry lobby group, the British Bankers' Association, has had a frosty relationship with shareholders for much of his tenure and had been under some pressure even before the news of attempts to manipulate crucial interest rates.

The bank will be hoping that the departure of Agius takes some of the political heat of the scandal, which led to the prime minister calling for accountability at the top.

But Lord Oakeshott, the Liberal Democrat peer, kept up the pressure: "Marcus Agius going and Bob Diamond staying would be no solution to this scandal. Diamond is the driver and Agius the passenger in the Barclays car crash."
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Time to fire all the criminal bankers