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. Read more »
Those Libor fines don’t pay for themselves! Read more »
After spending his first six months on the job speaking about cultural change at scandal-plagued Barclays PLC, Chief Executive Officer Antony Jenkins on Tuesday will unveil a plan that is expected to leave the bank’s strategy largely intact, according to people briefed on the matter.
But wait! Barclays can change in all the ways that it thinks matter to you and the British government, if not to its shareholders. Read more »
If you like delayed gratification you’ll love the payment plan management has come up with. Read more »
It’s getting to be a struggle to be amused by Libor manipulation chats. RBS took its lumps today, and the CFTC and FSA orders are full of quotes, and you can read them in various round-ups, but, meh. Even Bart Chilton is bored; today’s imagery (“sends a signal to those who would monkey around with benchmark rates … much more than a slap on the wrist …”) is a letdown after his UBS masterpiece (“Financial sector violations are hurtling toward us like a spaceship moving through the stars”) just a few weeks ago. I get it! Everyone manipulated Libor! In writing! And then they were like “heh, fukin awexome man, u manipluated libor, gud work, i sexx u now, w champain.” Fabulous.1
The Brits are said to have alerted some staff that their services are no longer required at the bank. Read more »