The interest-rate-rigging scandal has claimed its first high-profile boardroom casualty, with Barclays chairman Marcus Agius expected to announce his resignation today.

Mr Agius, 64, will step down after Barclays was fined a record £290 million by the Financial Services Authority (FSA) over the practice last week.

The regulator found the firm's traders had lied about the interest rate other banks were charging it for loans.

Please enable cookies in your browser to display the rest of this article.

Related articles