On Monday, the bank announced a reorganization of its capital markets group, including the promotions of four executives and the resulting departures of two others.

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It had been rumored that Barclays Chief Executive John Varley and Barclays Capital boss Bob Diamond were poised to quit the group, following in the footsteps of other recent high profile departures at Merrill Lynch and Citigroup.

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Both departures were first reported by Timothy Anderson, an analyst at Prudential Equity Group.

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