Resigning employee: Barclays is out of control

A senior Barclays executive has quit after it was revealed that he secretly shredded a bombshell report that described a key part of the bank as ‘out of control’.

Andrew Tinney, who was chief operating officer of the bank’s high-end private investment division, Barclays Wealth, destroyed the explosive dossier at his £5 million Surrey mansion after reading its shocking contents.

He then misled banking regulators and Barclays chief executive Antony Jenkins – the man brought in to clean up the bank after the Libor rate-fixing scandal and the resignation of Bob

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had never existed.
 

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  • Huge blow to Barclays reputation as new CEO struggles to relaunch bank

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