City & Business: Barclays rides storm
Sunday 12 October 1997
Nevertheless, the instant wisdom on Barclays and Mr Taylor has been too harsh. The picture Nick Gilbert paints on the facing page of Bob Diamond, chief of the new, reduced BZW, is of a formidable banker with as many arguments for what Barclays is doing as the critics have put forward against what is happening.
In shape and size after shedding BZW's stock trading and M&A businesses, for example, Barclays will look like Citicorp and other US commercial banking giants. If people are not chastising John Reed of Citibank for failing to get into the global investment banking game, why should they chastise Mr Taylor for getting out of a chunk of it? Mr Taylor has handled the BZW revamp clumsily. But it is better to be clumsy and right than elegant and wrong.
- 1 Stephen Fry explains what he would say if he was 'confronted by God'
- 2 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 4 Ball pool for adults opens in London
Stephen Fry explains what he would say if he was 'confronted by God'
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
Hard line on immigration could cost Tories the election
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...