Thursday, 30 August 2012

Jenkins appointed to lead Barclays

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Barclays has appointedAntony Jenkins as chief executive with immediate effect, as the crisis-hit bank seeks to regain its footing in the wake of a new investigation by the Serious Fraud OfficeJenkins, a member of the bank's executive committee since 2009, steps up to the role from his position as head of Barclays' retail and business banking division.
His appointment fills the gap left by Bob Diamond, who stepped down in July following a transatlantic regulatory probe into the bank's attempted manipulation of Libor interbank borrowing rates, which resulted in a £290M ($460M) fine.

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