New Barclays (BCS) CEO Antony Jenkins tells the FT that he's cutting the bank's return-on-equity...

|About: Barclays PLC (BCS)|By:, SA News Editor

New Barclays (BCS) CEO Antony Jenkins tells the FT that he's cutting the bank's return-on-equity goal to 11%-11.5% from the 13%-15% targeted by predecessor Bob Diamond. Jenkins' top priority is to restore Barclays' battered reputation, and he'll unveil a "transformational plan" in Q1 next year, although it will take 3-5 years to implement. Jenkins is also committed to Barclays remaining a "universal bank."