Skip to main content

Full Service Bank

  • Author:
  • Updated:

Barclays Plc second-half profit may have fallen twenty-one percent on asset writedowns but you needn’t pity the UK bank, which is about to acquire a controlling stake in Russian pin-up calendar manufacturer Expobank. Yes, for the bargain price of about £200million, Barclays will be the proud owner of the retail and commercial bank which has lately gotten into the business of peddling employee ass-- the Russian lender has released a 2008 calendar featuring its female workers from top to bottom (by which I mean senior executives to secretaries, but also tits to toes). Senior chief economist Julia Kovyneva, senior manager Maria Guterman, network sales manager Yevgenia Trusilova, they’re all there, lounging on a bed, topless with cupcakes and bending over a kitchen counter, respectively.
Now I know what you’re thinking—the last time you posed for those sorts of photographs with the firm’s name stamped at the bottom, it didn’t go over so well with the higher-ups. Something about “embarrassing the company” with your trampy ass, yes? Are these girls going to get fired? No. The calendar was the brainchild of Expobank chairman Kirill Yakubovskiy, who wanted the pictures/slogans (“We work under your personal request,” "Expobank tries to find unusual and creative ways in everything," "We'll bend over backwards and forwards to make you happy,"etc) to reflect the bank’s dedication to “interacting with [its] clients.” I'm no client, but I think they got the job done. Judge February, March and April for yourself, after the jump. NSFW, unless you work in a whorehouse or a Russian bank.

Bare-clays Bank...High Street giant bids for Russian bank with a very saucy staff calendar [Daily Mail]


Financial Services Authority Had Doubts About This Bob Diamond Character Back In 2010

The regulator didn't specifically suspect anything re: propensity for manipulating Libor, just a general feeling it couldn't necessarily trust the guy, which Barclays chairman Marcus Agius conceded was not entirely off base. On Wednesday a British parliamentary committee release an internal record from the Financial Services Authority dating back to September 2010. The note details a discussion between Barclays Chairman Marcus Agius and then FSA chief Hector Sants during the final stages of the regulatory approval process for Mr. Diamond's promotion to CEO. In the note Mr. Sants said that Mr. Diamond had not reached "the level of openness, transparency and willingness to air issues with the FSA" of his predecessor. Mr. Agius agreed and said that the outgoing Barclays CEO John Varley would "coach" Mr. Diamond on the issue...During a meeting with lawmakers after Mr. Diamond's resignation, Mr. Agius said that the Libor issue had not been raised by the FSA when it vetted the CEO. U.K. FSA Warned Barclays Over Diamond in 2010 [WSJ]

Layoffs Watch '15: Deutsche Bank May Shed Some Russians

Apparently the potential money laundering by some is frowned upon.

Bonus Watch '16: British Banks

HSBC takes the lead, while RBS defies the odds by having any money at all to distribute.

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."