Ex Barclays boss waives right to €25m

Bob Diamond, the former boss of Barclays, has given up bonuses worth up to €25m following his resignation over a rate-fixing scandal, the bank’s chairman said in parliamentary testimony yesterday.

Marcus Agius was the man at the top of Barclays when its traders manipulated a benchmark interest rate.

In testimony, Mr Agius acknowledged the central bank governor had played a pivotal role in pushing Mr Diamond out of his job, and described the personal drama behind the scandal which erupted last week and culminated in Mr Diamond’s resignation.