Jenkins: My shock at Barclays sacking

'Regrets' not having more time to reform bank

Daniel Flynn
clock

Antony Jenkins, former chief executive of Barclays, said he "regrets" being sacked from the bank earlier this year, as he needed between five and ten years to improve its operations.

Jenkins (pictured) told the BBC that when he was sacked by the bank's board after three years in the summer it was performing well, with statutory profits up 25%, controlled costs, and had an improving culture and reputation. "It is a source of regret to me that I was not able to complete the work," he said in the interview. "But when I look at what we achieved in three years, I am confident that the organisation is in much better shape. "I am a human being, so I have to say that it was surprising to me, but I completely respect the authority of the board in choosing the CEO. "Afte...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Industry

Close to £300bn earning zero interest in UK bank accounts

Close to £300bn earning zero interest in UK bank accounts

Savers could have earned nearly £7bn

clock 01 May 2025 • 1 min read
Global asset management industry reaches record $128trn AUM as active ETFs boom

Global asset management industry reaches record $128trn AUM as active ETFs boom

BCG report reveals new records

Linus Uhlig
clock 29 April 2025 • 2 min read
Investment Association introduces Instagram account to help engage with retail investors

Investment Association introduces Instagram account to help engage with retail investors

‘Content will be simple and accessible'

Eve Maddock-Jones
clock 17 April 2025 • 2 min read
Trustpilot