9/8/2010

Barclays has appointed Robert Diamond to succeed CEO John Varley, who will step down in the spring. Mr. Diamond is not expected to make major strategic changes. "There's absolutely no space between John, [Chairman] Marcus [Agius] and I on the strategic direction of Barclays," Mr. Diamond said. "There's no change in strategy here." However, Mr. Diamond has pledged to bolster Barclays' consumer division.

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