Change promised by new Barclays chairman - Banking - News |

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Change promised by new Barclays chairman

Change promised by new Barclays chairman

Category: Banking

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

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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.

Find the best bank account for you - compare bank accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.