Barclays
Top unit
Top unit
Barclays: The bet that paid off
Since Jes Staley took charge of Barclays at the end of 2015, he has faced constant questions over his ability to reposition the firm as a credible force in investment banking. Sticking to his guns in the face of activist shareholder pressure, he now looks vindicated, but growing from here presents a new challenge.
-
Bob Diamond resigned from Barclays on July 3 and as I write this, some three weeks later, bankers are starting to talk in hushed tones about the "Libor rigging scandal" being the financial industry’s "tobacco moment".
-
Scandal to test client loyalty; reputational and counterparty risks acute.
-
Barclays has appointed a former chief macroeconomic policy and European affairs strategist in the French government to lead its European economics team, in a move that comes at a time when political events are increasingly driving financial markets.
-
With Barclays still the target of invective as a result of the Libor scandal, Euromoney outlines the reasoning behind bestowing the UK bank with multiple accolades for its performance over the past year – a period which supersedes the Libor probe.
-
Jerry del Missier, recently appointed chief operating officer of Barclays, has resigned - following the Libor scandal - in a blow to the group's investment banking franchise in the United States, in particular.
-
Marcus Agius, Barclays’ chairman for the past five years, has resigned amid fierce political and shareholder criticism over the bank’s role in attempting to manipulate interbank lending rates, an act that he said has “dealt a devastating blow to Barclays reputation”.