Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Bunhill: Troubled banker

Patrick Hosking
Sunday 16 January 1994 00:02 GMT
Comments

IT'S been a tiresome fortnight for Martin Taylor, the new chief executive of Barclays Bank. After nine working days in the saddle, his diary looks something like this. Day two: Brighton businessman announces he was charged pounds 110 by his Barclays bank manager after he (the businessman) took said manager out to lunch and footed the bill. Day three: A survey - hotly contested by the bank - claims Barclays overcharges 43 per cent of its business customers by an average of pounds 963. Day five: Barclays announces 3,000 jobs cuts. Day seven: Barclays revealed as having big exposure to the troubled German group Metallgesellschaft. Day nine: Barclays said to have biggest exposure to risky guarantees to Lloyd's names.

Whizzkid Taylor, just 41 and famous for joining Barclays without a day's banking experience, may be wishing he'd kept it that way.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in