Barclays sants fsa
Barclays’ Hector Sants has taken three months’ leave because of stress.
Barclays’ Hector Sants has taken three months’ leave because of stress.
The Abu Dhabi sheik that provided rescue capital for Barclays at the peak of the financial crisis has sold his stake in the bank at a considerable profit in a reflection of the bank’s recovery.
Christina Sinclair, acting director of retail at the FCA is leaving the regulator to take on a new compliance role at Barclays.
S&P has downgraded Barclays, Credit Suisse and Deutsche Bank from A plus to A in a reflection of growing concerns over the future of investment banking in Europe.
A number of high profile team members have left regional Barclays offices following a management restructure designed to capitalise on opportunities outside London.
Barclays first quarter profits have been hit by its restructuring programme, falling 25% to £1.8bn.
Rich Ricci is retiring from Barclays, along with colleague Tom Kalaris, after being ousted from his role as head of investment banking during a strategic review.
Barclays and Legal & General have joined forces to launch the Defined Return Plan 1, the first in a series of collaborative investment products to be released by the two firms.
The FSA was too narrowly focused in its handling of Libor related information and the information should have been better managed, its Internal Audit Report on inappropriate Libor submissions concluded.
Hector Sants was head of the FSA from 2007; he announced his resignation in March 2010 before being persuaded to stay on by Chancellor George Osborne; he quit in June 2012; in 2013's New Year's Honours List he was knighted for services to financial services and regulation.
Hector Sants’ decision to join Barclays marks his return to the world of banking and further highlights the bank’s public commitment to “becoming a source for good”.
Former FSA chief executive Hector Sants is to join Barclays as the bank’s new head of compliance.