Barclays

Barclays' new boss Antony Jenkins has vowed not to break up the bank by axing its investment banking operation.

The government has admitted it is ‘difficult' to ascertain the impact of the LIBOR rigging scandal on consumers and whether banks will have to pay out compensation as a result of it.

Barclay's former chief executive John Varley is at the centre of the Financial Services Authority's (FSA's) latest investigation into the bank, the Sunday Telegraph reports.

BARCLAYS

Barclays has appointed Antony Jenkins, its former head of retail and business banking, as its new boss.

Barclays has confirmed the Serious Fraud Office (SFO) has started an investigation into payments between it and Qatar's sovereign wealth fund.

Barclays has made its GlobalAccess multi-manager fund range available to advisers through two major platforms, and hopes to launch on the remaining large providers by the end of the year.

Royal Bank of Scotland (RBS) will be hit with greater fines than Barclays over the LIBOR-fixing scandal, a member of the Treasury select committee has claimed.

Retail banks are the most likely driver of consolidation in the platform market, according to a leading back-office provider.

A former director of Barclays has accused the Commons Treasury committee of launching a "completely unacceptable" character assassination of the bank's former chief executive Bob Diamond.