New Barclays head Sir David Walker quits NBNK board

Sir David Walker, the new chairman of Barclays, has stepped down from the board of NBNK, the vehicle which tried and failed to buy 600-plus branches from Lloyds Banking Group.

Sir David was deputy chairman to Sir Peter Levene, NBNK's creator and driving force.

NBNK is winding itself up, having been unsuccessful in buying up any of the major UK banking assets which were put up for sale.

The Co-op succeeded in bidding for the Lloyds branches.