Antony Jenkins

  • Banks

    Barclays Is Just Getting Started (Paying Fines For Engaging In Fraud)

    US$450 million for Liborgate. £3.56 billion for payment protection insurance, with £900 million more to come. US$480 million to Fannie Mae and Freddie Mac. £211 million for “other unspecified litigation and conduct charges.” And that’s just the beginning of the legal accounting at the House of Jenkins.

    / Aug 14, 2014 at 12:05 PM
  • barclaysblimp21

    News

    Barclays Executive In Charge Of You Know What Has Responsibilities Slightly Curtailed

    Until recently, like, say, this morning, Bill White headed the group that made headlines this week for fraud (allegedly lying to clients about high frequency trading, this and that). And, technically, he’s still got his job, though for the time being it will involve answering questions posed by Attorney General Eric Schneiderman, and not coming […]

    / Jun 27, 2014 at 3:10 PM
  • antonyjenkins

    News

    So You’re Saying Lying To Clients About High-Frequency Trading Wasn’t Part Of New Barclays CEO’s Turnaround Plan?

    Antony Jenkins, promoted to run Barclays Plc after the Libor scandal, pledged to overhaul the bank’s culture, committing to values of integrity and respect. Allegations of fraud on his watch are undermining his plan. Barclays lied to customers and masked the role of high-frequency traders as it sought to boost revenue at one of Wall […]

    / Jun 27, 2014 at 11:19 AM
  • barclaysballoon

    News

    Layoffs Watch ’14: Barclays

    That big round of cuts CEO Antony Jenkins has been chomping at the bit to announce are expected to come later this week.

    / May 6, 2014 at 4:08 PM
  • Barclays-headquarters-in-008-260x156

    News

    Barclays Chief Needs Shareholders To Just Calm Down And Give Him Some Breathing Room While He Puts The Finishing Touches On Massive Layoff Plan

    Antony Jenkins knows people are pissed. He knows it looked bad to increase bonuses after profits fell. He knows investors want results. He knows everyone is tense. He also knows that if everyone would just sit tight, and give him a couple weeks to finish a project he’s been working on, a lot of people […]

    / Apr 24, 2014 at 3:00 PM
  • barclaysblimp2

    News

    Barclays Chief Should Expect To Be Told Just How Much He Sucks By Shareholders: Analyst

    Jenkins, 52, is trying to revive profitability at the securities unit, the biggest source of income for the London-based firm, while wrestling with demands for higher pay from its bankers. He has fallen behind on targets he set as CEO and faces calls to outline a clear plan as he prepares to meet shareholders at […]

    / Mar 31, 2014 at 3:27 PM
  • barclaysblimp2

    News

    Bonus Watch ’14: Barclays Had Two Choices

    Choice number one was to cut bonuses for a second year in a row, lose all its investment bankers in the US, and turn the place into a Gold’s Gym. Choice number two was to increase bonuses and stop the mass exodus. After many a sleepless night, CEO Antony Jenkins decided to go with the […]

    / Mar 5, 2014 at 5:05 PM
  • antony-jenkins_2323575b

    News

    No Bonus For Me, Thanks: Barclays CEO

    Reuters reports that for the second year in a row, Barclays Chief Executive Officer Antony Jenkins has turned down the bonus offered to him. This time around, he said that it would be inappropriate to take the money, in light of “the bank’s hefty bill to pay for past problems.” All of this probably comes […]

    / Feb 3, 2014 at 1:52 PM
  • Banks

    Man Driven To Brink Of Collapse By Bob Diamond’s Mess

    Nine months ago, Barclays CEO Antony Jenkins brought in former Financial Services Authority chief Hector Sants to do something about the bank’s less-than-sterling reputation. But Hector Sants could not go back in time and keep Barclays from committing the mistake he knew it was making, and so, nine months in, he needs a good, long […]

    / Oct 15, 2013 at 2:35 PM
  • Antony_Jenkins

    News

    Layoffs Watch ’13: Barclays

    New CEO Antony Jenkins has apparently been reading the Tarot cards on Barclays and what they’re telling him is the bank is about to have 40,000 fewer employees.

    / Mar 7, 2013 at 5:38 PM
  • Hedge Funds

    Barclays Tells Hedge Funds It Can’t Be Seen With Them

    Barclays’ PR-driven makeover continues, even at the expense of being a full-service investment bank.

    / Feb 15, 2013 at 12:52 PM
  • The ATM will mis-sell you some swaps

    News

    Barclays To Shut Down One Business That Customers Actually Like

    Why would you go to Barclays for investment banking services? Like, here is what you know about Barclays: It has spent the last few years comprehensively defrauding customers, manipulating interest rates, and making false disclosures about its financial situation, and Its new-ish CEO is working on a “review … to assess if the bank’s businesses […]

    / Feb 11, 2013 at 6:01 PM
  • Antony_Jenkins

    News

    Barclays Just Wants You to Love It Again, OK?

    Please?

    / Feb 11, 2013 at 3:25 PM
  • Barclays chief executive Antony Jenkins

    News

    Barclays CEO Promises To Clear Out His Desk In Hypothetical Scenario In Which Bank Decides To Start Engaging In Rampant Fraud Again

    Mr. Jenkins and the firm’s chairman, David Walker, told politicians on Tuesday that they were prioritizing ethics and reducing risky trading activity, adding that they would take responsibility if future problems were discovered at the bank. The Barclays’ chief, who agreed to forgo his bonus in response to the series of scandals that have hit Barclays in recent years, said he would resign if another scandal was uncovered while he was leading the bank. “The chief executive is responsible for what happens during their tenure and when incidents happen the price needs to be paid and I believe were I to find myself in that position I would do the right thing,” Mr. Jenkins said on Tuesday. When politicians asked Mr. Jenkins if he was eradicating the culture that he inherited from his predecessor Robert E. Diamond Jr., Barclays’ new chief said he was indeed “shredding that legacy” of sometimes being “too self-centered and too aggressive.” [Dealbook]

    / Feb 5, 2013 at 3:05 PM
  • Antony Jenkins

    News

    Barclays Chief Understands Not Everyone At The Bank Will Be Comfortable Complying With New Company Policy That Dictates They Follow The Law

    Earlier today, Barclays chief Anthony Jenkins sent out a memo to employees informing them that moving forward, there’d be a new way of doing things ’round the bank. Namely, that whereas during his predecessor’s tenure, manipulating interest rates and engaging in other forms of criminal activity was acceptable, such things would no longer fly. And not in a “this sort of thing is now frowned upon” way but in a “you actually can’t do this anymore/if that presents a problem for you than clean out your desk and leave” way. Aware that change can be very difficult, that it often causes great anxiety, and that many will be initially resistant, Jenkins chose to take 1,479 words to get his message across, taking the time to acknowledge not everyone will be on board with acting “fairly, ethically and honestly,” rather than writing: “Hey, we have a new policy called ‘not doing illegal shit.’ It’s a little unorthodox and it may not be for everyone, so please take some time to think it over. If it’s not for you, we wish you good luck in your future endeavors.”

    / Jan 17, 2013 at 1:26 PM
  • News

    Bonus Watch ’12: Barclays Employees To Get Paid (Or Not) For Being ‘Good Citizens’

    Breaking the speed limit in a school zone, for example, will cost you a couple mill, while volunteering with your local Boy Scouts chapter to help the troops earn their “Libor Manipulation” badges will translate to a few extra zeros on payday.

    Barclays’ new chief executive said he will pay employees based in part on whether they are good citizens, as the British bank tries to restore its tarnished reputation. Within the next six to 12 months, Barclays will devise a “balance scorecard” with metrics that measure performance across a range of areas, including how the actions of executives affect the environment, Antony Jenkins said in a brief interview on Sunday at the Clinton Global Initiative…Jenkins, who previously ran Barclays’ business and retail banking division, said he managed the unit with a scorecard that rated employees on how their actions affected all stakeholders, including investors, customers, other employees and “society.” The scorecard includes a “citizenship” component, according to a bank spokesman.

    Barclays New Chief Ties Compensation To Societal Goals [Reuters]

    / Sep 25, 2012 at 11:51 AM
  • News

    New Barclays CEO May Or May Not Have The Balls To Take An Ax To Bob Diamond’s Baby, Says Guy

    Antony Jenkins said he will outline his plans for Barclays in the first quarter of next year. “The challenges that confront investment banking as an industry are driven by regulatory change and the economic environment,” the new CEO said by telephone today. “It requires us to think strategically about the direction of investment banking.” The […]

    / Aug 30, 2012 at 12:37 PM
  • News

    Barclays ‘Ambitious’ Revenue Targets Have Buzzkill To Contend With

    Earlier today in London, Barclays announced some very exciting news- it “intends to generate additional revenue of as much as 6.4 billion pounds ($10.4 billion)” by 2013. Sounds great, right? Everyone else thought so too. Everyone except one analyst henceforth known as Debbie Downer, whose response suggested he’s of the belief you can’t just tell […]

    / Jun 15, 2011 at 12:19 PM

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