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Ross has been suspended from his TV and radio shows without pay until mid-January, and told he would not be able to bring the BBC into disrepute again.
As the corporation's highest-paid star on £6 million a year the suspension will cost him around £1.5 million.
Highly-regarded Radio 2 controller Lesley Douglas also stepped down after taking ultimate responsibility for the broadcasting of prank calls to Fawlty Towers star Andrew Sachs.
BBC Director-General Mark Thompson said Ross's contribution to the Russell Brand show was "utterly unacceptable" and there would be "tight discipline" in future.
He said: "A 12-week suspension is an exceptional step but I believe it is a proportionate response to Jonathan's role in this unhappy affair.
"We agree that nothing like this must ever happen again and that tight discipline will be required for the future.
"I believe Jonathan absolutely overstepped the mark. It doesn't mean that Jonathan can't, in future, continue to broadcast for the BBC. But he and everyone else should accept this is a final warning."
Commenting on the loss of Ms Douglas, Mr Thompson said that "ultimate responsibility" for such incidents lay with "executive producers, producers and controllers".
"The consequences of errors of judgement are therefore more serious for managers," he said.
Ms Douglas, who has revived Radio 2 by attracting a new audience of 30-somethings, said it was right that she took "responsibility" for the phone calls and the decision to resign was hers alone.
The controller said: "It is a matter of the greatest possible sadness to me that a programme on my network has been the cause of such a controversy."
She was a popular figure and her resignation will disappoint many people within the BBC.
Radio 2 DJ Chris Evans described Ms Douglas as "the best boss in the world".
Her resignation and Ross' suspension came after Mr Thompson met with the BBC Trust yesterday to discuss the crisis over the phone calls made to actor Andrew Sachs during Russell Brand's Radio 2 programme on October 18.
Ross and Brand left messages saying Brand had slept with Sachs' granddaughter, Georgina Baillie, and that the actor might kill himself after finding out about the encounter.
More than 35,000 complaints have since flooded into the BBC, and the DJs have both apologised to Sachs.
The cash injection from Qatari investors and the Abu Dhabi royal family comes as the bank looks to avoid calling on taxpayer funds to strengthen finances weakened by the credit crunch.
The funding move follows an earlier £4.5 billion cash call by the bank in June.
Qatar Holding and Challenger - a wealthy vehicle led by the Qatari royal family - are already investors in the group.
Barclays has also brought on board Sheikh Mansour Bin Zayed Al Nahyan - a member of the Abu Dhabi royal family - as a substantial new investor.
The Middle Eastern trio could end up owning almost a third of the bank when the warrants and notes issued by the bank are converted into ordinary shares.
Barclays said the funding move would allow it to meet the tougher requirements of the Financial Services Authority to help banks withstand financial turmoil.
The cash will boost its core tier one ratio - a key measure of capital strength - to 7.6%, the bank said. It shares rose 8% following the announcement.
Not using public funds to shore up the business also means that Barclays will be able to pay dividends to its shareholders - unlike Royal Bank of Scotland and Halifax Bank of Scotland.
Chief executive John Varley said: "Today's capital raising provides certainty and speed of execution."
Emmylou on Nashville, the muse and artistic integrity. The Radiohead singer on meeting the man himself. Steve discusses the primitive aspect of Neil's performance. Randy describes growing up in Winnipeg.
John talks about Farm Aid. Steve discusses the primi tive aspect of Neil's performance.BBC PRESENTS Neil Young reveals that the fashion world never really understood him. Emmylou on Nashville, the muse and artistic integrity. The Radiohead singer on meeting the man himself. Steve discusses the primitive aspect of Neil's performance. Randy describes growing up in Winnipeg.
John talks about Farm Aid. Steve discusses the primi tive aspect of Neil's performance.
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Ross suspended as Radio 2 boss quits
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