Diamond exit could herald ‘sea change’ at Barclays

The sudden resignation of Bob Diamond has cast a cloud over the future direction of the investment bank – with Antony Jenkins touted as an internal front runner to replace him

The sudden resignation of Bob Diamond as chief executive of Barclays this morning has cast a cloud over the future direction of the investment bank that he helped turn into a global franchise – as well as the future of his two key lieutenants.

In a statement this morning, Diamond announced his resignation and Marcus Agius, who resigned on Monday, will now remain as chairman and lead the search for Diamond's replacement.

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