Barclays appoints new chief as bank faces two SFO investigations


Antony Jenkins, named today as chief executive of Barclays, takes over a bank that is now facing two separate investigations by the UK Serious Fraud Office (SFO). On July 6, the SFO announced it was pursuing several banks and individuals – likely to include Barclays – for criminal offences related to the Libor fixing scandal that led to the resignation of Jenkins' predecessor, Bob Diamond. (Existing law would suffice to cover the crimes involved, SFO director David Green confirmed later that

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