All Change at Barclays: Can Jenkins Achieve his Cultural Transformation?

Barclays new CEO Antony Jenkins has announced details of his strategic review in the wake of Libor-rigging, the bank's role in PPI mis-selling and other scandals.Jenkins has pledged to rebuild the bank's reputation by fundamentally changing the culture under which its traders operate, including changes to payment protection insurance selling and staff bonuses.You can watch Jenkins' presentation of his new strategy to the waiting media here.

These two news clips also provide more background to Barclays' strategic review

http://www.guardian.co.uk/business/video/2013/feb/12/barclays-antony-jenkins-bank-video

http://www.bbc.co.uk/news/business-21428959

Will Jenkins' change strategy work? Can he really achieve the desired change in corporate culture that will make Barclays the "go-to bank"?

This piece by James Moore in the Independent questions whether Barclays' culture is capable of significant change:

http://www.independent.co.uk/news/business/analysis-and-features/can-antony-jenkins-get-rid-of-bob-diamonds-legacy-at-barclays-8456614.html