New Barclays chairman plans review

Barclays' new chairman Sir David Walker plans to undertake a root and branch review of the way the bank operates, it has been reported.

Sir David told The Sunday Telegraph he agrees "in principle" with customers paying to use current accounts and the end of the free banking model. The City grandee, who was appointed on Thursday and will take up the role on November 1, has set a 24-month deadline by which time he hopes the bank will be on firmer footing.
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