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| Barclays CEO Antony Jenkins speaking in New York last September, a month after taking the job and launching a strategic review |
In its latest effort to break with the legacy of its former chief executive, the British bank Tuesday presented a three-year strategy that will see the scandal-plagued lender cut 3,700 jobs and rein in some of Mr. Diamond's boldest expansion plans.
"Barclays is changing…there will be no going back to the old way of doing things," current Chief Executive Antony Jenkins said while standing on a white stage in a hall several miles from the group's London headquarters. "It is time to move on."
During a carefully choreographed performance, Mr. Jenkins, who assumed the top job after Mr. Diamond quit Barclays following the bank's admission to trying to rig interest rates, painted a vision of a socially conscious lender focused on long-term growth and increased dividends.
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