Barclays chairman Marcus Agius shocked at the scale of public anger over the Libor-rigging scandal
Barclays chairman Marcus Agius this weekend revealed his shock at the scale of public anger over the Libor-rigging scandal and pledged the bank would take action to regain trust and clean up its act.
Speaking exclusively to Financial Mail, the 65-year-old figurehead of the bank described the crisis as the worst in his experience.
‘The intensity of this public reaction has overwhelmed us and we would be foolish if we did not understand how serious it is and what we have got to do about it,’ he said.
Barclays was fined £290 million by British and US regulators after a number of its traders and executives attempted to fix the critical Libor interest rate and published false figures for Barclays own cost of borrowing...