Barclays boss plans significant reform

Barclays is undergoing a significant transformation, adopting a disciplined new regime akin to a boot camp. The CEO emphasizes the need for a new image and accountability, marking a fundamental shift in operations. Barclays is addressing past excesses, including tax avoidance and Libor rigging, while trimming jobs and closing controversial units. The cultural change is a long-term effort, requiring leadership by example. Despite skepticism, Barclays aims for a clean break from scandal, though achieving this new image will be challenging and time-consuming.

What steps is Barclays taking to address its past issues?

Why might people be cynical about Barclays' efforts to change its culture?