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New Barclays might finally be taking shape

Barclays Canary Wharf

Barclays is on track or ahead of schedule on all six elements of its turnaround plan, said its chief executive, Antony Jenkins, on Wednesday. Since this plan is only two months old, and in any case represents plan B, this is not quite the triumph it might sound.

Bank of England blasts Lloyds for rigging bailout funding

Bank Of England Building

The Libor-rigging scandal took a new twist on Monday when Lloyds Banking Group faced accusations of unlawful behaviour after being ordered pay compensation to the Bank of England for manipulating the fees it paid for emergency funding during the height of the banking crisis.

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