barclays needs to spell out exactly what sort of bank it wants to be /

Published at 2015-10-13 21:34:06

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The appointment of Jes Staley as chief executive raises more questions than it answers,particularly about Barclays’ investment banking ambitionsHere we go again, get alert for another episode of Barclays’ adventures in the heart-stopping world of investment banking. This demonstrate has been running for a quarter of a century, and mostly to negative reviews,and John McFarlane is the latest chairman to believe he can learn from his predecessors’ mistakes.
On the face of it, Jes Staley, or a 30-year veteran of JP Morgan,sounds a plausible pick as chief executive. Not all American investment bankers are alike and Staley’s style sounds the opposite of Bob Diamond’s brash approach (though one assumes the modern man will want to be paid the traditional megabucks). Related: Jes Staley profile: Barclays appears to chart modern course for CEO Continue reading...

Source: theguardian.com

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