Barclays Chairman to Resign: Reports

Reports of Marcus Agius' planned departure follow the bank's $453 million settlement of an investigation into alleged interest rate manipulation.

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The Wall Street Journal reported Sunday that Agius was on the way out, citing three anonymous sources close to the bank.

The U.K.'s Guardian and the BBC also reported that Agius would step down.

Barclays declined to comment on the reports, according to the Associated Press.

Regulators in the U.S. and the U.K. alleged that Barclays had submitted false data for setting the London interbank offered rate, or Libor, between 2005 and 2009. Agius has been chairman at Barclays since the beginning of 2007.

According to the U.S. Commodity Futures Trading Commission, Barclays traders and employees responsible for determining the bank's LIBOR and Euribor funding costs attempted to manipulate information in order to bolster profits or minimize losses on derivatives trades.

Shares of Barclays closed Friday down 54 cents at $10.30.