Experience Stern | News & Events

Excerpt from Financial News -- "Barclays has made a big step by replacing [Antony] Jenkins in the middle of his efforts to turn things around. It appears that the main reason for the change was that what he was doing was taking too long, and the markets no longer believed his efforts would change anything, not that the basic strategy was wrong. [John] McFarlane must convince the market that he can deliver strategy that will yield better results, or he too will be out. Many other global investment banks are in the same position, sticking to the old strategy while working to improve execution. But the real fault is in the strategy itself, not the execution, however slow that has been."

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