[h=3]By DIGBY LARNER[/h]
Bloomberg NewsRobert Diamond, chief executive officer of Barclays.
Barclays PLC Chief Executive Bob Diamond resigned Tuesday amid an intensifying interbank-lending rates investigation.
"The search for a new chief executive will commence immediately and will consider both internal and external candidates," Barclays said in a statement.
Mr. Diamond had come under increasing pressure to step down as the U.K. government announced a series of inquiries into ethical standards in the banking industry and as the U.K. Serious Fraud Office said it was considering criminal prosecutions against those who allegedly attempted to rig interbank lending rates.
Barclays PLC Chief Executive Bob Diamond resigned Tuesday amid an intensifying interbank-lending rates investigation.
"The search for a new chief executive will commence immediately and will consider both internal and external candidates," Barclays said in a statement.
Mr. Diamond had come under increasing pressure to step down as the U.K. government announced a series of inquiries into ethical standards in the banking industry and as the U.K. Serious Fraud Office said it was considering criminal prosecutions against those who allegedly attempted to rig interbank lending rates.