Barclays bank chairman Marcus Agius to resign

Marcus Agius is to resign as the chairman of Barclays, the BBC has learned.

It comes after Barclays was fined £290m ($450m) for attempting to manipulate the Libor inter-bank lending rate.

Earlier, it emerged The Royal Bank of Scotland had sacked four traders over their alleged involvement in the Libor-fixing scandal.

There will be an formal announcement about Marcus Agius on Monday morning.

The BBC's Ben Thompson reports.