Arab Today, arab today barclays bank names antony jenkins as new chief executive
Last Updated : GMT 10:43:53
Arab Today, arab today
Arab Today, arab today

Barclays bank names Antony Jenkins as new chief executive

Arab Today, arab today

Arab Today, arab today Barclays bank names Antony Jenkins as new chief executive

London - AFP

British bank Barclays on Thursday named retail and business banking head Antony Jenkins as its new chief executive, replacing Bob Diamond who resigned last month over the interbank rate-rigging scandal. \"Barclays announce that Antony Jenkins has been appointed as a director and as group chief executive of Barclays with immediate effect,\" the group said in an official statement. The Briton\'s appointment meanwhile comes one day after Barclays revealed that the Serious Fraud Office (SFO) has launched a probe into the 2008 investment deal between the bank and Qatar\'s sovereign wealth fund. Jenkins declared that his top priority would be to repair the bank\'s damaged reputation. \"We have made serious mistakes in recent years and clearly failed to keep pace with our stakeholders\' expectations,\" he said in the statement. \"We have an obligation to all of those stakeholders -- customers, clients, shareholders, colleagues and broader society -- and a unique opportunity to restore Barclays\' reputation by making it the \'go to\' bank in all of our chosen markets. \"That journey will take time, we have much to do, and I look forward to getting started immediately.\" Jenkins, 51, was head of Barclays\' Retail and Business Banking (RBB) business. He has been a member of the group executive committee of Barclays since 2009. US national Diamond resigned in July over the rate rigging scandal that engulfed the bank and sullied London\'s image as a financial centre. The scandal erupted in June, when British and US regulators fined Barclays £290 million ($453 million, 369 million euros) after the bank admitted attempting to manipulate the Libor and Euribor rates between 2005 and 2009. However, the fallout risks becoming much wider, with analysts claiming that the lender could face massive lawsuits, since mortgage rates passed onto customers were influenced by Libor rates. Barclays had already announced that industry veteran David Walker would become its new chairman from November, succeeding Marcus Agius who also quit over the Libor affair. Separately, Barclays had announced late Wednesday that the SFO had commenced an investigation into payments \"under certain commercial agreements between Barclays and Qatar Holding LLC\". The Financial Services Authority (FSA) regulator revealed in July it was investigating fees paid by Barclays to Qatar during the 2008 credit crisis. Qatar invested more than £2 billion ($3.1 billion, 2.5 billion euros) into the bank in June 2008, and five months later it raised a further £6.8 billion from a group of Middle Eastern investors, allowing it to avoid being semi-nationalised. Libor, or London Interbank Offered Rate, is a flagship London instrument used as an interest benchmark throughout the world, while Euribor is the eurozone equivalent. The rates affect what banks, businesses and individuals pay to borrow money.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today barclays bank names antony jenkins as new chief executive Arab Today, arab today barclays bank names antony jenkins as new chief executive

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 14:57 2017 Monday ,20 February

A giant initial public offering on track

GMT 14:50 2017 Monday ,20 February

Energy Market Research

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January

GMT 07:16 2017 Monday ,20 February

Global arms trade highest since Cold War

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday