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Barclays leaders hail progress but warn on headwinds

Departing chairman tells AGM not to be 'disheartened' as further legacy issues emerge, while successor prioritises deciding the fate of underperforming units

Getty Images
Getty Images

Barclays chief executive Antony Jenkins and Sir David Walker, who stands down as chairman at the end of the bank’s annual meeting on Thursday, hailed the progress made in turning around the bank since the “dark days of 2012”, although they warned of further bumps before the journey is complete.

A year after shareholders gave the Barclays board a rough ride over high pay and poor performance at the last AGM, when more than a third of them failed to back the bank's remuneration report, the latest annual meeting proved once again to be a tough experience for the bank's leaders as several shareholders criticised the bank over its dividend policy, staff bonuses, and scandals.

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