Five questions answered on the Barclays' resignation

Chris Lucas steps down, six months earlier than planned.

Barclay’s finance director, Chris Lucas, confirmed today he is to step down from his role, six months earlier than planned. We answer five questions on his resignation.

Why is Lucas stepping down?

In February the 52-year-old Lucas announced plans to step down as Barclay’s finance director in February 2014. However, he is bowing out six months early due to ill health.

In a statement he said: “"My health was a key factor behind my decision to step down which we announced in February. Whilst I had hoped to be able to continue working until early next year it is now clear to me that with my health as it is this will no longer be possible.”

Lucas has been working at Barclays for the second time in his career, after being employed at the bank as a global relationship partner between 1999 and 2004.

What else did he say?

Lucas went on to say that he wants to do right by the bank and is happy he is leaving it financially robust.

"I want to do the right thing by Barclays, my family, and myself, and therefore I have reached the difficult decision to step down sooner. I feel confident that I leave Barclays financially robust and well placed to continue to serve its customers, clients, shareholders and other stakeholders," he said.

In what situation is Lucas leaving Barclays?

Currently, the bank is looking to raise £5.8bn from shareholders through a rights issue as part of a plan to plug a £13bn "gap" that it needs to meet new rules set by the Bank of England.

Who will replace Lucas as finance director?

The position has already gone to Tushar Morzaria, chief financial officer of JP Morgan Chase’s corporate and investment banking division. Morzaria, who is currently based in New York, wasn’t due to start his new role until January 2014. Now he will start on October 15.

Until then Peter Estlin, Barclays' Financial Controller, will be acting finance director.

What else has the bank said?

Commenting on Estlin’s new temporary role, the bank said: "Peter is deeply familiar with all aspects of the Group's finances, including the capital raising,"

Barclays Bank. Photograph: Getty Images

Heidi Vella is a features writer for Nridigital.com

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The footie is back. Three weeks in and what have we learned so far?

Barcleys, boots and big names... the Prem is back.

Another season, another reason for making whoopee cushions and giving them to Spurs fans to cheer them up during the long winter afternoons ahead. What have we learned so far?

Big names are vital. Just ask the manager of the Man United shop. The arrival of Schneiderlin and Schweinsteiger has done wonders for the sale of repro tops and they’ve run out of letters. Benedict Cumberbatch, please join Carlisle United. They’re desperate for some extra income.

Beards are still in. The whole Prem is bristling with them, the skinniest, weediest player convinced he’s Andrea Pirlo. Even my young friend and neighbour Ed Miliband has grown a beard, according to his holiday snaps. Sign him.

Boots Not always had my best specs on, but here and abroad I detect a new form of bootee creeping in – slightly higher on the ankle, not heavy-plated as in the old days but very light, probably made from the bums of newborn babies.

Barclays Still driving me mad. Now it’s screaming from the perimeter boards that it’s “Championing the true Spirit of the Game”. What the hell does that mean? Thank God this is its last season as proud sponsor of the Prem.

Pitches Some groundsmen have clearly been on the weeds. How else can you explain the Stoke pitch suddenly having concentric circles, while Southampton and Portsmouth have acquired tartan stripes? Go easy on the mowers, chaps. Footballers find it hard enough to pass in straight lines.

Strips Have you seen the Everton third kit top? Like a cheap market-stall T-shirt, but the colour, my dears, the colour is gorgeous – it’s Thames green. Yes, the very same we painted our front door back in the Seventies. The whole street copied, then le toot middle classes everywhere.

Scott Spedding Which international team do you think he plays for? I switched on the telly to find it was rugby, heard his name and thought, goodo, must be Scotland, come on, Scotland. Turned out to be the England-France game. Hmm, must be a member of that famous Cumbrian family, the Speddings from Mirehouse, where Tennyson imagined King Arthur’s Excalibur coming out the lake. Blow me, Scott Spedding turns out to be a Frenchman. Though he only acquired French citizenship last year, having been born and bred in South Africa. What’s in a name, eh?

Footballers are just so last season. Wayne Rooney and Harry Kane can’t score. The really good ones won’t come here – all we get is the crocks, the elderly, the bench-warmers, yet still we look to them to be our saviour. Oh my God, let’s hope we sign Falcao, he’s a genius, will make all the difference, so prayed all the Man United fans. Hold on: Chelsea fans. I’ve forgotten now where he went. They seek him here, they seek him there, is he alive or on the stairs, who feckin’ cares?

John Stones of Everton – brilliant season so far, now he is a genius, the solution to all of Chelsea’s problems, the heir to John Terry, captain of England for decades. Once he gets out of short trousers and learns to tie his own laces . . .

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Hunter Davies is a journalist, broadcaster and profilic author perhaps best known for writing about the Beatles. He is an ardent Tottenham fan and writes a regular column on football for the New Statesman.

This article first appeared in the 27 August 2015 issue of the New Statesman, Isis and the new barbarism