Barclays is close to naming James Staley, former JPMorgan investment banker, as its new chief executive officer, with some critics fearing the appointment would herald a return to a more ostentatious style.
The possible appointment signals an important change of direction at the British institution, as its former CEO Antony Jenkins had led a strategy to make Barclays less reliant on its investment-banking operations.
Staley talking to Barclays for the second time
As outlined earlier by ValueWalk, Barclays signaled a return to its retail roots by slashing much of its investment bank. Then-CEO Antony Jenkins defended his plans for job cuts and bonuses, saying the bank...
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