Sir Mike Rake To Leave Barclays Board

Sir Mike Rake is to quit as the deputy chairman of Barclays (LSE: BARC.L - news) to lead a stock market listing of Worldpay, the payments processing giant, just a week after he orchestrated the sacking of the bank's chief executive. Sir Mike's move - revealed by Sky News earlier on Wednesday - will see him step down from the board of Barclays after more than seven years. He has been preparing to resign as a director of the bank for some time, although the timing of his departure may su