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| Barclays deputy chairman Sir Mike Rake quits | Barclays deputy chairman Sir Mike Rake quits |
| (about 1 hour later) | |
| Sir Mike Rake, the deputy chairman of Barclays since 2012, is quitting the bank, the BBC understands. | Sir Mike Rake, the deputy chairman of Barclays since 2012, is quitting the bank, the BBC understands. |
| The news comes just a week after Antony Jenkins, Barclays' chief executive, was fired after falling out with the board. | |
| Sir Mike - who has been on the board since 2008 - is a "highly respected figure in the business world", said BBC business editor Kamal Ahmed. | Sir Mike - who has been on the board since 2008 - is a "highly respected figure in the business world", said BBC business editor Kamal Ahmed. |
| His decision to leave "may well raise questions in investors' minds" at a time of transition, our reporter added. | His decision to leave "may well raise questions in investors' minds" at a time of transition, our reporter added. |
| He is taking up a job as the new chairman of payments processing firm Worldpay, our business editor says, the firm formerly owned by Royal Bank of Scotland. | |
| Sir Mike was not believed to have been a huge supporter of Mr Jenkins, he adds. | |
| Sir Mike was a firm ally of Bob Diamond, the previous chief executive of Barclays, who came from the investment bank side of the business. | |
| Sir Mike is also chairman of BT Group and served as the chairman of the CBI, the British business organisation, from June 2013 until this year. |