Barclays was fined $ 450 million last week by British and U.S. regulators . Barclays will also introduce a mandatory code of practice to be applied across the entire bank . The fine is the largest ever imposed on a financial institution for manipulating interest rates, but it pales in comparison to what could happen if banks were allowed to engage in similar practices with other types of investments Chairman Marcus Agius says he will step down when a replacement is found . Agius and CEO Bob Diamond face questions from UK lawmakers .
Barclays was fined $ 450 million last week by British and U.S. regulators . The fine is the largest ever imposed on a financial institution for manipulating interest rates, but it pales in comparison to what could happen if banks were allowed to engage in similar practices with other types of investments Chairman Marcus Agius says he will step down when a replacement is found . Agius and CEO Bob Diamond face questions from UK lawmakers .