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.

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