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Barclay CEO is leaving the bank

By Faeza
08 July 2015

Antony Jenkins, the chief executive of Barclays, has been fired after falling out with the board over the size of the investment bank and the pace of cost cutting.

The company said a search for Mr Jenkins' successor was under way.

In a statement, Barclays deputy chairman Sir Michael Rake said he had "reflected long and hard on the issue of group leadership".

He said a "new set of skills" was required at the head of the group.

Barclays appointed Mr Jenkins as group chief executive in August 2012.

Read the rest of the story here: http://www.bbc.com/news/business-33438914

Information from: BCC