Barclays is still months from hiring new chief executive after Antony Jenkins sacking July 14, 2015 Barclays, which abruptly sacked chief executive Antony Jenkins last Wednesday, might have to wait six months for a permanent replacement. The bank’s deputy chairman Sir Mike Rake told City A.M. yesterday: “We will take the time to find the person with the right level of experience. It will take a few months, but we would [...]
Bookies open new market on Barclays bosses July 9, 2015 SO BARCLAYS’ boss Antony Jenkins is sacked. John McFarlane, who’s only been chairman for three months, is acting chief, and the bookies have opened their markets. McFarlane said they want “the best person in the world available to us”. Barclays will be looking at internal and external candidates for the role. Who are you backing? First [...]
Return of the Mack: How Barclays chairman John McFarlane earned his reputation as “Mack the Knife” July 8, 2015 John McFarlane has barely been in situ three months as Barclays’ chairman, but this morning he claimed his first scalp: Antony “nicest guy in banking” Jenkins, the man appointed three years ago to bring out Barclays’ cuddly side, will step down at the end of next week. Read more: From the Libor scandal to the [...]
Summer Budget 2015: Barclays, HSBC, RBS share prices rise as Osborne reveals levy will be ditched July 8, 2015 Banks share prices lifted this afternoon as George Obsorne confirmed the levy would be phased out over the next six years. In a move widely seen as looking to sway HSBC, Standard Chartered et al from leaving the UK, Osborne's first all-Tory Budget confirmed that the levy would be cut gradually until 2022. Instead [...]
Antony Jenkins fired from Barclays: Here’s what people are making of it July 8, 2015 It might not be the best day for Antony Jenkins, but Barclays investors seem pretty happy with the news that he's been ousted. Barclays share price leapt 2.7 per cent at the open, rising to 3.2 per cent in mid-morning trading, comfortably leading the FTSE 100. The board has praised Jenkins for his work [...]
Antony Jenkins: His time at Barclays from the Libor scandal to the time he tried to ban free banks July 8, 2015 Barclays today revealed it has fired chief executive Antony Jenkins after three years at the helm, saying the bank needs a new leader, with a new set of skills, to take it into future growth. The move is widely seen as being instigated ahead of John McFarlane's arrival as executive chairman the middle of [...]
Barclays share price climbs after board sacks Antony Jenkins in favour of boss with “new set of skills” July 8, 2015 Barclays chief executive Antony Jenkins has been sacked, with the bank's board saying it seeks a leader with "a new set of skills". Jenkins – who some dubbed the "nice guy of banking" – will leave the business on 17 July, when John McFarlane picks up the reins as executive chairman. A search [...]
Barclays cheque scanning tech leaves other banks in the past July 2, 2015 Barclays customers are ahead of the curve when it comes to financial technology, as the bank’s secure cheque-scanning service was made available to all smartphone customers yesterday. Cheque imaging, which iPhone-owning Barclays clients have been able to use since last year, allows anyone using their banking app to pay a cheque into an account [...]
The Banker’s top 1,000 world banks 2015: UK lenders slide down rankings as Chinese institutions move up June 29, 2015 UK banks continue to lose their global position as Chinese banks power ahead, according to The Banker’s latest ranking of the Top 1,000 banks. HSBC fell from fifth place to ninth, Barclays from 12th to 13th and Royal Bank of Scotland from 15th to 18th as they restructured and slimmed down in the wake [...]
New FCA and PRA bonus clawback rules: The UK now has the toughest bank pay rules in the world June 23, 2015 New rules to claw back bankers’ bonuses for up to 10 years threaten to undermine London’s appeal to international financiers, consultants warned yesterday, in the latest salvo against big banks from UK regulators. Read more: Bank bonus clawback extended to 10 years by UK regulators The clawback rules comes amid growing tensions between [...]