Barclays boss puts reputation first

The new chairman of Barclays has told MPs that Britain's banks must prioritise reputation over profits to tackle cultural problems within the industry.

Sir David Walker, who will succeed Marcus Agius as Barclays chairman from November 1, signalled an overhaul of pay policy at Barclays was on the cards as he suggested a restructuring of remuneration was required to change the culture among banks.
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