English | دری

Barclays New Boss Pledges to Rebuild Bank’s Reputation

in International Business

Barclays New Boss Pledges to Rebuild Bank’s Reputation

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.


Tags assigned to this article:
Antony JenkinsBarclays

Related Articles

“Baby recession” to hit Eurozone

High unemployment and tough austerity measures have brought some Eurozone economies on the verge of a potential “baby recession”. Unable

SK Group chairman imprisoned on charges of embezzlement

Embezzling USD 46mn of the SK Group’s fund for personal investments, the group’s Chairman is sentenced to four years in

Barclays bank chairman Marcus Agius to resign

Amid Libor lending rate scandal by Barclays’ employees, Barclays bank chairman Marcus Agius decided on Saturday night to resign. He

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.