Bob DiamondFormer Barclays boss Bob Diamond has waived a potential £20 million in bonuses and share awards, but will still walk away with up to £2 million.

Barclays chairman Marcus Agius told MPs that Mr Diamond had decided to voluntarily forgo the entitlements after he quit as chief executive last week in the wake of the rate-rigging scandal.

Mr Diamond, whose severance package amounts to a year's salary and pension contribution, said he hoped the agreement "will help close this chapter and allow Barclays to move forward and prosper" after the bank was fined £290 million for attempting to fix the interbank borrowing rate Libor.


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