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Sign or go, warns Barclays boss

Thursday 17 January 2013 21:00

Barclays' new boss has warned the bank’s 140,000 staff they should leave if they do not want to sign up to a set of standards.

Antony Jenkins, who took over as chief executive at the end of August following the bank’s interest rate rigging scandal, said bonuses and performance would be assessed against a new "Purpose and Values" blueprint.

"I have no doubt that the overwhelming majority of you ... will enthusiastically support this move. But there might be some who don't feel they can fully buy in to an approach which so squarely links performance to the upholding of our values," Jenkins said in a staff memo.

“My message to those people is simple: Barclays is not the place for you. The rules have changed. You won't feel comfortable at Barclays and, to be frank, we won't feel comfortable with you as colleagues."