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Buyside speculates over who pushed Bob

Was it the media, politics or strained relations with the Bank of England that cost Diamond his job? The buyside is divided

The sudden resignation of Barclays chief executive Bob Diamond on the back of relentless media pressure has stunned the investment community, not least the bank’s shareholders, which have been left them struggling to keep up with events.

His resignation was confirmed in a statement this morning. Marcus Agius, who previously announced his resignation has returned to an executive chairman role and will lead the search for Diamond's replacement.

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