Barclays finance director to step down

<p>Barclays’ finance director Chris Lucas is stepping down.</p>

Shares in Barclays have lost ground on the London Stock Exchange this morning (February 4th), after the bank announced that its finance director is to step down.

Chris Lucas has opted to retire, but will remain in his role until his successor takes over, while group general counsel Mark Harding will also be leaving the organisation.

This news comes after Barclays was hit by insurance mis-selling scandals and fines of £290 million by regulators both in the UK and US.

Mr Lucas was the only one of the bank's top executives who kept his job following the London Inter-bank Offered Rate manipulation scandal last year.

Chief of Barclays Antony Jenkins stated: "The rationale which each shared with me was consistent and, typically, grounded in wanting to do what is best for the bank. Their decision to retire was theirs alone."

At 09:40 GMT, Barclays shares slipped by 0.3 per cent to 299.00 per unit.

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