Barclays Bank

Barclays has announced that Chris Lucas, its group finance director, and Mark Harding, the group general counsel, are to retire from the business.

Barclays Bank staff who do not feel they can commit to new a new code of ethics should leave, its new CEO has said.

Barclays has confirmed Sir David Walker will succeed Marcus Agius as chairman of the bank on 1 November, following press reports yesterday.

Barclays Bank is considering a new remuneration process which would see bonuses for its top executives reduced and payment deferred until they have retired.

HSBC has put aside $1.3bn (£830m) in UK customer redress provisions and $700m (£450m) relating to US regulatory and legal issues as it reports $12.7bn in interim pre-tax profit.

The British Bankers Association (BBA) has come under fire from a former member of the LIBOR compilation team at Thomson Reuters, who claims the organisation was told on a weekly basis in 2008 that the rates were being distorted.

CRACK TEAM

The Royal Bank of Scotland (RBS) is to challenge a court order requiring it to co-operate with an international criminal investigation into rate-fixing.

Barclays shares are in demand, despite the fall-out from the LIBOR scandal and Bob Diamond's resignation, with investors buying five shares for every one sold.

The Bank of England's deputy governor Paul Tucker has asked to be allowed to address the Treasury Select Committee following the revelation he contacted Bob Diamond to discuss Barclays' LIBOR submissions.