Barclays CEO Feeling Pretty Confident Various Investigations Into Alleged Employee Misconduct Will Be But A Distant Memory In Short Order

Antony Jenkins looks forward to the day, hopefully in the near future, that he no longer has to deal with the steaming pile of fraud allegations his predecessor (no names: Bob Diamond) left behind.

Barclays is hoping to make “significant” progress this year in resolving a series of investigations into potential misconduct by its employees, its chief executive said Thursday. Speaking at the bank’s annual meeting in London, Antony P. Jenkins, the Barclays chief, said the lender remained focused on addressing the behavior at the center of several investigations into conduct by its employees, including inquiries into the potential manipulation of foreign currency trading markets. He said the behavior that regulators were investigating was “wholly incompatible” with the bank’s values. “I share your frustration as shareholders, and the frustration felt by my colleagues, that legacy matters like these continue to cast a shadow over our business,” Mr. Jenkins said.

Barclays C.E.O. Expects ‘Significant’ Progress in Resolving Investigations [NYT]