Double trouble for Barclays as deputy chairman Sir Mike Rake quits

Departure comes just a week after Antony Jenkins was fired

Barclays deputy chairman Sir Mike Rake is quitting the bank after seven years on its board, according to reports.

Rake’s departure comes just a week after Barclays board fired chief executive, Antony Jenkins, in a drive to focus more heavily on profit-making in the bank’s investment banking business.

Rake is a highly respected business figure, and is currently the president of the CBI and the chairman of BT group.

The move could prompt investors to ask awkward questions about Barclays leadership as two senior figures have now exited the bank.

Rake is understood to be moving to payment technology company WorldPay where he will be chairman.

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