Barclays boss Antony Jenkins today told MPs he was “shredding” the legacy of Bob Diamond.
At the Parliamentary Commission on Banking Standards, Mr Jenkins blasted his predecessors as “too short-term focused, too aggressive and too self-serving”.
He told members that “you absolutely will see changes over time”.
But the commission called that into question after Barclays chairman Sir David Walker defended head of pay Sir John Sunderland. At an earlier hearing Sir John said that, even with hindsight, he would have paid Mr Diamond a bonus for 2011. Mr Diamond lost his job months later over the Libor rate fixing scandal.
Earlier, Barclays came under fire as it set aside another £1 billion for mis-selling hedging products and payment protection insurance.
Commission chairman Andrew Tyrie said: “It doesn’t matter what the scandal is, Barclays seems to have a finger in the pie.”
