Barclays 99% to Blame for Unhealthy U.K. Relations, Analyst Says
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Barclays Plc’s management is “99 percent to blame” for poor relationships with British politicians and regulators, said Bruce Packard, an analyst at Seymour Pierce Ltd. in London.
Barclays Chief Executive Officer Robert Diamond and Anthony Jenkins, head of the bank’s consumer unit, faced questioning yesterday on banker pay and regulatory change by the House of Commons Treasury Committee in London.