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Barclays Chief Executive sacking shows banks are failing to meet investors' profit expectations - Associate Professor Dr Lena Rethel

Dr Lena Rethel is Associate Professor of International Political Economy at the University of Warwick’s Department of Politics and International Studies. In reponse to the sacking of Barclays bank Chief Executive Antony Jenkins, she said,

"The sacking of Barclays boss Antony Jenkins is a sign that banks still struggle to develop innovative business models that meet investors' profit expectations whilst avoiding the excessive risk-taking that prevailed in the run up to the global financial crisis. It comes close on the heels of the resignation of co-CEOs Jürgen Fitschen and Anshu Jain at Deutsche Bank in June. Further senior level restructurings in the European banking sector are likely to occur as boards have begun to exert greater pressure."

Alex Buxton

Communications Manager, University of Warwick

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