Barclays boss Antony Jenkins faces one of the biggest tests of his leadership this month when he decides whether the bank should fight accusations it deceived and defrauded customers in the United States.
Reuters reports that if Jenkins accepts the allegations, made in a lawsuit filed by New York's Attorney General, he will face a dilemma arising from his pledge to jettison any business that does not fit into the bank's new, squeaky-clean image.
It comes at a time of mounting discontent among investors. Some say that after almost two years in the CEO hotseat Jenkins is failing to turn around both culture and performance.
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