Barclays’ Strategic Review: Antony Jenkins’ New Legacy

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By Lianna Brinded | February 12, 2013 10:49 PM EST

(Photo: Reuters)

Barclays is slashing nearly 4,000 jobs as part of a multi-billion pound cost-cutting transformation led by new chief executive Antony Jenkins.

Although, full-year earnings tumbled amid mis-selling and rate-setting scandals to £246m ($384m; €287m), from £5.879bn in the 2011, Barclays shares surged.

Since Jenkins took office, he has vehemently declared to the public, politicians and his shareholders that he will transform the bank's reputation and culture and strengthen oversight, supervision and controls in order to prevent a spate of scandals from happening again.

For the special live blog and commentary of Barclays' Strategic Review, click here.

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