Barclays Plc Chief Executive Officer Antony Jenkins said bankers must regain their moral footing and serve society’s long-term interests if the industry is to undo the damage caused by the financial crisis.
Barclays Plc Chief Executive Officer Antony Jenkins said new entrants to Britain’s consumer-banking market will find it hard to win market share as the Co-Operative Bank Plc struggles to meet regulatory capital targets.
Britain’s four biggest banks will have eliminated about 189,000 jobs by the end of this year from their peak staffing levels, bringing employment to a nine-year low amid a dearth of revenue. More cuts may follow.
Barclays Plc bought Tricorona AB in 2010 to build its position as a key player in the $78 billion global market for carbon credits. A former Barclays’s client told a London court it had the same idea two years earlier.
Barclays Plc named Antony Jenkins as its chief executive officer, promoting the head of its consumer business as the U.K. lender recovers from the Libor scandal and considers whether to shrink its investment bank.
Barclays Plc Chief Executive Officer Antony Jenkins told employees he expects them to stick to his new rules on ethics or quit as he seeks to steer the bank from scandals that forced out his predecessor.
Barclays Plc, the U.K.’s second- largest lender by assets, paid investment bankers bonuses “incapable of justification” as employees focused on revenue at the expense of clients, according to an internal report.