Two elements of Marcus Agius’s statement of resignation as Barclayschairman strike me as strange.
One is his reference to “last week’s events” having “dealt a devastating blow to Barclays’ reputation”. The way I read the regulatory reports
on the bank’s involvement in rigging interbank lending rates, the blows were dealt as early as 2005, were largely self-inflicted, and continued for years. The implication that outside “events” have only now put the bank’s image on the line is at best inappropriate, at worst misleading.
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