Barclays is hoping to make 'significant' progress this year in resolving a series of investigations into potential misconduct by its employees, its chief executive said Thursday.
The New York Times reports that speaking at the bank’s annual meeting in London, Antony Jenkins, the Barclays CEO, said the bank remained focused on addressing the behaviour at the centre of several investigations into conduct by its employees, including inquiries into the potential manipulation of foreign currency trading markets.
He said the behaviour that regulators were investigating was 'wholly incompatible' with the bank’s values.
'I share your frustration as shareholders, and the frustration felt by my colleagues, that legacy matters like these continue to cast a shadow over our business', Jenkins said.
'Resolving these issues is an important part of our plan for Barclays, and I expect that we will make significant, though sometimes difficult, progress in this area in 2015'.
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