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Page last updated at 09:12 GMT, Monday, 2 July 2012 10:12 UK

Libor fixing was City's 'worst kept secret'


The Chairman of Barclays Marcus Agius is to step down as a result of the scandal over the fixing of the Libor inter-bank lending interest rate.

Business presenter Simon Jack gives the latest news.

Carrick Mollenkamp, a reporter from Reuters who investigated Libor in 2008 for the Wall Street Journal, says back then it was "the worst kept secret in the city".

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