• paul posted an update 10 years, 11 months ago

    The article below is an interestung statement from Mr Jenkins Barclays CEO.

    If ever their was a situation when Barclays ”got it wrong” it would be the position that Barclays find its self in and the failings of the bank to accept responsibility for all those people affected by the schemes the bank promoted in Spain.

    I once again call on Barclays to do the right thing and contact ALL those affected by the ER situation.
    Even if the bank feel they have done no wrong it will be shown that the loans and Mortgages granted were and are illegal,. Barclays know they promoted these schemes for IHT mitigation

    Is it correct to expect clients to ALL individually take their claims to court. This course of action will happen .Thanks to this site we are well informed .

    LINK TO THIS ARTICLE BELOW…..

    Barclays CEO Antony Jenkins has admitted the bank was too aggressive and too self-serving in recent years.

    The bank which paid a fine of 290 million pounds for manipulating the benchmark London Interbank Offered Rate (Libor) and was caught up in the payment protection insurance scandal, has been trying to turn a new leaf.

    Jenkins, who took over as CEO in August, said the company was addressing its past mistakes.

    “We were too aggressive, we were too short-term focused and too self-serving,” Jenkins told CNBC at the World Economic Forum in Davos.

    “The industry, and Barclays, got it wrong on occasions,” he added. ……………..

    He told CNBC that the bank had undergone changes in its working culture, values and behavior and anyone within the company that didn’t agree with the new code of conduct would be out of a job.

    “Where I find people not living up to those values, those behaviors and our purpose, they will leave the organization.”

    Full article here …. http://www.cnbc.com/id/100403596

    Barclays managers be warned this thing will blow up in your faces, Ask yourselves if you are putting in to practice the wishes of your CEO .Then ask yourselves if when this thing is all over will Mr Jenkins still want you in his organization.