Mr Jenkins is faced with rebuilding the bank's reputation after a series of scandals, including Libor interest rate-fixing. 

 

He said the bank will move to stop activities that have hurt its reputation in the past.

 

However, he said there would be no break up of operations by selling off the bank's investment arm.

 

Investment banking¹ has been criticised by many politicians and regulators for encouraging the kind of risk taking that led to the financial crisis. 

 

"I absolutely believe that a premier² investment banking franchise³ will be a part of it (the bank)," Mr Jenkins told investors⁴ on a conference call.

 

The review is likely to lead to the curtailing⁵ of Barclays' controversial tax planning operations.

 

The withdrawal⁶ from selling derivatives⁷ to consumers and small businesses is also on the cards, an activity which the UK's Financial Services Authority (FSA) has been looking into. 

 

 

In July, Barclays was fined £290m ($450m) by the US and UK regulators for attempting to manipulate Libor rates.

 

The subsequent investigation⁸ into the rigging of Libor by the FSA led to the resignation of Mr Jenkins' predecessor⁹, Bob Diamond.

 

Regulators both in the UK and the US raised concerns about the culture at Barclays' under Mr Diamond's leadership. 

 

In August, the Serious Fraud Office started an investigation into payments between Barclays' bank and Qatar Holding in 2008 when the bank was raising money in the Middle East during the banking crisis.

 

Mr Jenkins described the last few months as "difficult ones for Barclays".

 

"It's clear we have made some serious mistakes in the last few years and failed to keep pace with our stakeholders' expectations. But we have a tremendous opportunity to change," he said.

 

Mr Jenkins refused to be drawn¹⁰ on details of his plans, but said that he would elaborate early next year.

点击收听单词发音