City anger over shortage of successors for Diamond
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Barclays' chairman, Marcus Agius, was last night facing increasing criticism over the absence of succession planning at the bank which makes it extremely difficult for Bob Diamond to leave without creating huge disruption to the business.
At a time in which the political climate requires Barclays to be run by an emollient figure not associated with the controversial "casino" banking that Mr Diamond embodies, his two henchmen at the bank, Rich Ricci and Jerry Del Missier, both also hail from the same aggressive, risk-taking division.
One analyst said: "Nobody has ever been able to control Bob Diamond and now we're stuck with the result of that. The board, under Agius, has failed to put in any checks and balances against him."
Antony Jenkins, head of retail banking, appears to be the only potential internal candidate, although one analyst said he was "not seen as a particularly inspiring choice".
Other potential external candidates include figures such as Standard Chartered's finance director, Richard Meddings, former HSBC head Mike Geoghegan and Hector Sants, whose role leading the Financial Services Authority came to an end today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments