Oct 30 Bulgaria 1 Report from London Nejra Cehic

Oct 30 Bulgaria 1 Report from London Nejra Cehic

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Business

University

Hard

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Barclays experienced an unexpected profit increase in the third quarter, despite a decline in investment banking profits. The bank is transitioning towards retail banking, which now accounts for a significant portion of its profitability. Barclays is also involved in a currency rigging investigation, with a potential settlement on the horizon. The bank has faced multiple scandals, including the Libor rigging scandal, which led to leadership changes. Barclays continues to deal with fines and allegations related to control failings and misleading customers.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What scandal cost Bob Diamond his job in 2012?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What actions has CEO Anthony Jenkins taken to improve Barclays' profitability?

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