Barclays has become a byword for scandal and excess among Britain’s banks – the rigging of Libor, massive mis-selling of payment protection insurance and obscene payouts to top executives and investment bankers. Most recently, The Mail on Sunday revealed that an internal report into bullying and disregard for banking rules at one of its divisions was secretly shredded by a senior executive. All of this doesn’t help when you are trying to attract customers. But that is the task faced by Ashok Vaswani, 51, the chief executive of Barclays’ global retail business. His predecessor, Antony Jenkins, is now head of the banking group and has sworn to overhaul and clean up its dysfunctional structure and culture.......read more here
Barclays boss Antony Jenkins agrees to forfeit bonus.....read more here
i don't even earn that in my working life!