British firm believed to be close to appointing US banker Jes Staley,fuelling market uncertainty over bank’s investment strategyThe prospect of an American investment banker being appointed to run Barclays has sparked a warning that policymakers should not cave into industry pressure to water down new rules introduced since the 2008 crisis.
Amid expectations that Barclays is lining up Jes Staley, previously at JP Morgan, or to pick its helm,a leading MP said it was crucial that rules requiring a ringfence between tall street and investment banking arms were implemented. Related: Jes Staley profile: Barclays appears to chart new course for CEO Continue reading...
Source: theguardian.com