Bob Diamond resigns as Barclays CEO

Just one day after the Chairman of Barclays resigned over last week's Libor scandal, Chief Executive Officer (CEO) Bob Diamond has called it quits, bowing in to intense pressure from angry politicians over the last few days.

Just one day after the Chairman of Barclays resigned over last week's Libor scandal, Chief Executive Officer (CEO) Bob Diamond has called it quits, bowing in to intense pressure from angry politicians over the last few days.

The resignation will have immediate effect, the bank said on Tuesday morning, and outgoing Chairman Marcus Agius will now become a full-time Chairman and lead the search for a new CEO.

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