The Presidential Daily Brief

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  1. Antony Jenkins

    Barclays CEO Antony Jenkins Gets Ousted

    They’re banking on change. When Jenkins took over in 2012, he promised profits and a shift from the corrupt culture of old. But he failed on both counts and clashed with the board over cost-cutting measures and bank structure, culminating in today’s announcement that he’s stepping down. Jenkins oversaw not only lackluster earnings, but also a massive rate manipulation scandal that got the bank fined $2.3 billion in May. Now chairman John McFarlane will take over while Barclays searches for a new permanent chief.

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