10 Aug 2012

New chairman appointed by Barclays

11:34 am on 10 August 2012

Barclays Bank has appointed Sir David Walker as its new chairman in the wake of the Libor scandal.

Sir David is a senior banker who led a government inquiry in 2009 into rules governing how banks are run.

Chairman Marcus Agius said he would resign after Barclays was fined for attempting to manipulate the Libor inter-bank lending rate.

Barclays is currently without a chief executive after Bob Diamond also quit in July.