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Change promised by new Barclays chairman

Change promised by new Barclays chairman

Category: Banking

Updated: 13/08/2012
First Published: 13/08/2012

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The new chairman of Barclays, Sir David Walker, has said that he plans to review the way the bank conducts itself to improve the public's perception.

Sir David said he wants to reform pay at the bank, including bonuses, and agrees with ring-fencing retail and investment banking to separate the divisions prior to the Government's 2019 deadline.

The search for a new chief executive was also underway to replace the former chief Bob Diamond who resigned in July amid allegations of inter-bank rate fixing by Barclays traders.

Sir David was appointed as chairman last week and will take up the position in November.

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