U.K. regulatory authorities are investigating why James E. “Jes” Staley, group CEO of Barclays, was hunting for the identity of a whistleblower, and Barclays officials say they are making “a very significant compensation adjustment” to Staley’s salary. For now, Staley still has the backing of the Barclays board and will be reappointed this coming May…. Read More >>
Barclays to Lay Off 1,000 in Investment Banking
Barclays will be shrinking its investment banking staff in Asia and elsewhere by 1,000 or so as a result of the bank’s decision to exit markets that are proving to be a challenge for global financial services firms. Overall, the investment bank of Barclays “will continue to focus on its two home markets in the… Read More >>
Barclays Hopes New CEO Will Jolt IB Efforts
Ending much media speculation, Barclays officials announced that the bank has named industry veteran James E. Staley to be its new top executive, signaling the start of a new era for a firm shaken by legal battles with government authorities and regulators, sudden executive shuffles and layoffs. Staley has been appointed as Group CEO of… Read More >>
