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Barclays investment chief Rich Ricci stands down

Guardian – Rich Ricci, who led Barclays’ investment banking division during the Libor rate-rigging scandal, has “decided to retire”, the bank has said.

Ricci, 49, who was right-hand man to disgraced former chief executive Bob Diamond, will walk away with a year’s salary when he stands down on 30 June. Ricci’s pay is not revealed as he is not an executive director, but in 2010 he collected £44m in pay and bonuses.

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