Low-frills airline Easyjet has announced that its chairman, Sir Mike Rake, will stand down this summer.

BBC: Sir Michael Rake

Among Barclays existing non-executive directors, the leading candidate is thought to be Sir Mike Rake, who is currently chairman of BT.

BBC: With Agius's exit from Barclays, will Diamond stay?

The review will be conducted by what Mr Agius calls an "independent third party" who will report to Sir Mike Rake and the bank's non executives.

BBC: Barclays launches 'root and branch review'