Rake officially rules himself out of Barclays job

LONDON (Reuters) - Michael Rake has formally informed Barclays that he does not wish to be considered for the role of chairman, easyJet said on Monday, confirming what sources had told Reuters on behalf of Rake.

LONDON (Reuters) - Michael Rake, deputy chairman of Barclays Plc , has ruled himself out of contention to be its new chairman, striking a blow to the UK bank as it hunts for new leadership to steer it through its interest rate-rigging scandal. Rake, who was considered favorite for the job, is not interested in the role, three people familiar with the matter said on Sunday. The next Barclays chairman faces a stiff challenge. ...

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