Barclays GC, CFO to resign

Mark Harding and Chris Lucas are stepping down in the wake of the Libor scandal and an investigation into the bank’s dealings with Qatar

Mark Harding

Barclays announced Sunday that both general counsel Mark Harding and its financial head, Chris Lucas, will retire, following a tumultuous year in which the London-based bank was rocked by scandal.

The resignations are the latest in a slew of executive departures from the bank. Last year, former CEO Bob Diamond, chairman Marcus Agius and chief operating officer Jerry del Missier resigned following revelations that Barclays traders had manipulated the London interbank offered rate (Libor)—the interest rate at which banks can borrow from other banks—in an effort to turn a profit on their financial positions.

Alanna Byrne

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