Another PR problem.
The Mail-on-Sunday has reported that a senior Barclays executive has quit after it was revealed that he allegedly secretly shredded a bombshell report that described a key part of the bank as ‘out of control’.
Andrew Tinney, who was Chief Operating Officer of the bank’s high-end private investment division, Barclays Wealth, allegedly destroyed the explosive dossier at his £5m Surrey mansion after reading its shocking contents.
He then allegedly misled banking regulators and Barclays CEO Antony Jenkins – the man brought in to clean up the bank after the Libor rate-fixing scandal and the resignation of Bob Diamond – by pretending that the report had never existed.
But he allegedly finally owned up to suppressing it, and last week Barclays made an internal announcement that he had resigned from his job.
The dossier, apparently seen by The Mail on Sunday, is said to expose a culture of fear, intimidation, bullying and mismanagement at the unit.
Hit the link below to access the complete Mail-on-Sunday article: