Barclays boss plans significant reform

Barclays is undergoing a significant transformation, adopting a disciplined new regime akin to a boot camp. The CEO emphasizes the need for a new image and accountability, marking a fundamental shift in operations. Barclays is addressing past excesses, including tax avoidance and Libor rigging, while trimming jobs and closing controversial units. The cultural change is a long-term effort, requiring leadership by example. Despite skepticism, Barclays aims for a clean break from scandal, though achieving this new image will be challenging and time-consuming.

What is the main focus of Barclays' new regime?

• Reducing employee benefits

• Expanding globally

• Building a better image with core values

• Increasing profits

Which of the following issues has Barclays faced in the past year?

• Environmental violations

• Tax avoidance and Libor rigging

• Data privacy breaches

• Employee strikes

What action is Barclays taking to improve its image?

• Launching a new advertising campaign

• Increasing bonuses

• Hiring more staff

• Closing controversial business units

What is the CEO's approach to changing Barclays' culture?

• Focusing solely on short-term profits

• Outsourcing management roles

• Implementing changes overnight

• Leading by example over the long term

What is the expected timeline for Barclays to achieve its new goals?

• Immediately

• A few months

• Several years

• A few weeks