The chief
executive of Barclays, Antony Jenkins, is stepping down, the UK bank announced
on Wednesday. The board says new leadership was necessary to take the bank
forward.
Deutsche Welle, 8 July 2015
In a
statement published on Wednesday, the bank said that "a new set of skills
were required for the period ahead" and that the bank needed "to be
much more focused on what is attractive, what we are good at, and where we are
good at it."
Chairman
John McFarlane would act as interim CEO until a replacement for Jenkins, who
had led the bank since 2012, could be found, the bank said.
In the
statement, Barclays' management stresses that the bank had to "improve
revenue, costs and capital performance."
"We
also need to become more externally focused and deal with the internal
bureaucracy by becoming leaner and more agile," it added.
But the
bank said the change of leadership would not equate to a change in strategy at
the bank.
Jenkins,
who succeeded Bob Diamond - himself forced to resign after the Libor
rate-fixing scandal - had been trying to restore the bank's reputation after it
was fined £290 million ($447 million, 391 million euros) by British and US
regulators in 2012 for attempted manipulation of Libor and Euribor interbank
rates in 2005 and 2009.
The bank
was also embroiled in a foreign exchange rigging scheme. Six major global
banks, including Barclays and British peer Royal Bank of Scotland, were fined a
total of almost $6 billion.
ng/jil (Reuters, AFP)
Related Article:
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.