Barclays bank chairman Marcus Agius to resign

Marcus Agius is to resign as the chairman of Barclays, the BBC has learned.

There will be an announcement on Monday morning, BBC business editor Robert Peston says.

It comes after Barclays was fined £290m ($450m) for attempting to manipulate the Libor inter-bank lending rate.

Earlier, it emerged The Royal Bank of Scotland had sacked four traders over their alleged involvement in the Libor-fixing scandal.

The dismissals happened at the end of last year. Investigations are under way at RBS, HSBC, Citigroup and UBS into alleged fixing of the Libor rate.

Barclays was fined after the Financial Services Authority (FSA) found its traders had lied about the interest rate other banks were charging it for loans.

read more: http://m.bbc.co.uk/news/uk-18665719