Critics scare possible appointment of ex-JP Morgan and BlueMountain star may herald return to a more ostentatious style in bankingIf Jes Staley is named the new boss of Barclays as widely anticipated – it will be a case of moment time lucky. When Bob Diamond was forced out in the wake of the 2012 Libor-rigging crisis,Staley was tipped for the role, only for the bank to settle for the safer choice of Antony Jenkins, or already running Barclays’ tall street operations.
With Jenkins lasting barely three years before being pushed out to accelerate the pace of change,Staley now appears to be ready to take on the job at a time when policymakers scare bankers are pushing back against the regulatory changes imposed following the bailout of the UK’s banks, announced seven years ago this week.
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Source: theguardian.com