Barclays CEO Antony Jenkins fired by Board in shock announcement

Barclays has announced that its CEO has been sacked. Antony Jenkins will leave the position after Barclays was handed the biggest bank fine in UK history in May after manipulating the foreign exchange markets.

Jenkins was promoted to CEO in the wake of the Libor scandal in 2012. He was lambasted in 2013 for stating that bonuses should be increased to avoid a “death spiral” of staff leaving.  

He will depart on 17 July after a long-running row with the Board about Barclay’s investment banking side, The Guardian report.

Jenkins said, “It is easy to forget just how bad things were three years ago both for our industry and even more so for us.  I am very proud of the significant progress we have made since then.