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| Chairman of the Board of Barclays Bank announced his resignation Libor scandal |
| London, 03.07.2012 |
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| Barclays Chairman of the Board, announced his resignation. Previously, less than a week, the Bank of England agreed to pay $ 450 million to resolve allegations related to its manipulation of the London inter-bank lending rate (Libor) for their own profit-making.
Barclays Bank Chairman of the Board to resign mainly to eliminate the impact of a series of alleged incident of the line. At present, the regulatory agencies is how the large banks by setting certain interest rates affect the cost of borrowing for consumers and companies to conduct an extensive survey. Barclays Bank’s management team to reach a compromise with the UK and U.S. regulators are now facing a political and shareholder pressure.
According to people familiar message, Agis as the first responsible person for the event, will remain as diverted to the Chairman of the Board until a new Chairman is elected. M ichael R ake, the senior independent director of Barclays Bank, and KPMG, the former Chairman may be designated as temporary chairman until the company to find a successor to the end.
Agis as Chairman of the Board of Barclays in the previous period of time has been the object of investors are not satisfied. Expressed dissatisfaction with the shareholders of his behavior during the financial crisis to withdraw funds from the Middle East, they believe that this transaction is not protecting the interests of existing investors. The Board criticized him for bank CEOs and other executives signed a multi-million dollar reward behavior, because on it is mediocre performance. (Nanfang Dushi Bao Zhao Ling)
source: New York Times translation: Zhao Ling
odkaz na stránku |
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