The new CEO of Barclays, Jes Staley, has bought 2.8 million shares at 2.33p of a total cost of £6.4m in the bank, being at the lowest price at which they have traded since January. Staley is also expected to take over from current chief executive Antony Jenkins, who will be replaced by former Barclays boss Bob Diamond. Staley will be taking over on 1 December and faces mounting pressure from shareholders to set out a strategy for the troublesome investment banking business.
The new CEO of Barclays, Jes Staley, has bought 2.8 million shares at 2.33p of a total cost of £6.4m in the bank, being at the lowest price at which they have traded since January. Barclays have a rule that directors should own shares worth four times their salaries, which Staley has now achieved, as his salary is £1.2m. Staley will be taking over on 1 December and faces mounting pressure from shareholders to set out a strategy for the troublesome investment banking business.