by Wadsam | September 11, 2012 5:22 am
Antony Jenkins, the new boss of Barclays, pledges quick and bold reforms to rebuild the reputation of the bank.
Barclays’ reputation was hurt after a series of scandals, including Libor interest rate-fixing.
He said the bank will move to put a halt on the activities that have so far dented the bank’s reputation.
However, he said there would be no break up of operations by selling off the bank’s investment arm.
“I absolutely believe that a premier investment banking franchise will be a part of it (the bank),” Mr Jenkins told investors on a conference call.
Source URL: http://wadsam.com/international-business-news/barclays-new-boss-pledges-to-rebuild-banks-reputation-0879/
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