[ by Melanie Gretchen ] A Barclays senior executive will take personal responsibility for the bank's role in manipulation of the Libor.  After the bank paid U.S. and U.K. regulators $453 million to settle allegations that it manipulated the rate, former Barclays CEO Robert Diamond Jr. will forgo deferred stock bonuses of up to $31 million.  Mr. Diamond, who resigned last week, previously agreed to forfeit his annual cash bonus. Not Nothing. Nevertheless, he will still receive up to one year in salary and a cash payment worth a combined $3.1 million, according to former chairman Marcus Agius.  He will stay on to head the executive committee, before Mr. Diamond's replacement is appointed.  Following the agreement, the former CEO said the agreement was made for the bank to move past the Libor scandal:

"It is my hope that my decision to step down and today's agreement on my remuneration will help close this chapter and allow Barclays to move forward and prosper."

At the parliamentary committee hearing on Tuesday, British politicians also questioned the performance of Mr. Agius, in addition to the long-term leadership and honesty of Mr. Diamond during his testimony last week.  To date, however, no other executive has offered to forgo his or her bonus [CI Note: for which we commend Mr. Diamond].