Anthony Jenkins was fired on Wednesday after three years as CEO. The market reaction speaks for itself: the share price was up by 4% intraday before closing up 2%. According to the FT, Jenkins’ removal could result from a conflict with Tom King, the head of the IBK division. John McFarlane, the bank’s Chairman, will be the interim CEO until a new CEO is found, maybe the CFO.
09 Jul 2015
Don’t mess with IBK
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Don’t mess with IBK
Barclays PLC (BARC:LON) | 181 2.5 0.8% | Mkt Cap: 27,273m
- Published:
09 Jul 2015 -
Author:
David Grinsztajn -
Pages:
2
Anthony Jenkins was fired on Wednesday after three years as CEO. The market reaction speaks for itself: the share price was up by 4% intraday before closing up 2%. According to the FT, Jenkins’ removal could result from a conflict with Tom King, the head of the IBK division. John McFarlane, the bank’s Chairman, will be the interim CEO until a new CEO is found, maybe the CFO.