English: Marcus Agius, British financier and businessman and Chairman of Barclays, speaking at the Confederation of British Industry's Climate Change Summit 2008 at The Royal Lancaster Hotel, London. (Photo credit: Wikipedia)

Barclay bank president resigns according to news sources. A CEO of one of the biggest banks has stepped down because of a scandal the bank reported on Tuesday. The resignation of Bob Diamond goes into effect right away.

This comes as no surprise since Diamond has always been viewed a very controversial figure in support of giving bankers large bonuses.