Barclays Boss: Sign on to New Ethics or Leave

Barclays Boss: Sign on to New Ethics or Leave

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First Wisconsin bank BldgBarclays boss Antony Jenkins has notified the bank’s 140,000 employees of a new code of conduct.

Mr Jenkins replaced Bob Diamond who quit over Barclays’ role in rigging the Libor rate used in trillions of pounds of financial contracts.

Even bonuses for 2012 will be assessed against the new “Purpose and Values” criteria.

“There might be some of you who don’t feel they can fully buy in,” said Mr. Jenkins. “My message to those people is simple: Barclays is not the place for you. The rules have changed.”

(READ the story from the BBC)

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