A reader of the Financial Times this week might have felt momentarily transported back to the heady days before the financial crisis. For on its pages was a full-page ad in vivid color listing recent transactions completed by the busy bankers at Barclays. Such chest-thumping displays are rare among investment banks these days. Why would […]
Barclays chief executive Antony Jenkins announced his plan to transform the troubled UK bank. He gets high marks for communication, but the substance was a little thin.
Most banks work hard to say they’re different from the competition. But Barclays chief Antony Jenkins wants us to know his bank just like every other. It’s a clever communication strategy for deflecting attention from the bank’s woes. But what does he do after that?
The investment-banking reformation is picking up steam, with converts joining its ranks by the day. And like the Protestant Reformation in the 16th century, it promises to be tumultuous and far-reaching, while leaving the promise of heaven just as uncertain.