Barclays Share News (BARC)

Antony Jenkins, Chief Executive of Barclays, has admitted it could take as long as a decade for the bank, which has been implicated in a number of banking scandals, to regain customer trust. Barclays was the first bank to be implicated in the Libor scandal in which traders rigged a key interbank lending rate rate, facing a 290m-pound fine 18 months ago. It is also one of the lenders involved in the PPI mis-selling scandal. Speaking to open Tuesday morning's Today Programme, Mr Jenkins said: "Trust is a very easy thing to lose, and a very hard thing to win back." - The TelegraphIndia's foreign investment regulator has approved an expansion plan by Tesco worth £67m, paving the way for Britain's biggest retailer to enter Asia's third-largest economy. - The ScotsmanGreece will leave its bailout programme next year without needing a third aid package, the country's Prime Minister, Antonis Samaras, announced on Monday, as he insisted that citizens could look to 2014 with confidence. Samaras told long-suffering Greeks that the end of the country's financial assistance plan was in sight after almost four years of painful austerity, and that the new year would bring the prospect of normality. - The GuardianThe UK's financial markets watchdog is on track to receive a record number of pleas for help from overseas authorities in 2013 as cross-border scandals such as Libor-rigging underscore the global nature of regulatory investigations. The Financial Conduct Authority has received more than 1,000 international requests for assistance in 2013, with a flurry expected on the last day of the year, according to the regulator's statistics. This represents a 17 per cent spike on 2012's total of 857 overseas requests, and could even exceed 2011's standout tally of 1,023. - Financial TimesThe long-awaited official report into the collapse of HBOS has been delayed again and will not be published until next summer, at the earliest ? more than five and a half years after the bank's failure and its £20 billion bailout by British taxpayers. A draft of the report is understood to have gone to the independent reviewers, but the process of Maxwellisation ? the system under which people criticised in the draft have a right to make comments ? has not formally begun, The Times has learnt. - The TimesWarren Buffett's Berkshire Hathaway will pay almost $1bn to acquire a business whose products speed the flow of crude through oil pipelines. Phillips 66, the refining, chemicals and pipelines business spun off last year from ConocoPhillips, said on Monday it had accepted Mr Buffett's unsolicited offer for its flow improver division. - Financial TimesItaly is piling pressure on the world's oldest bank to complete a recapitalisation and avoid a third taxpayer bailout. Alessandro Profumo, the Chairman of Banca Monte dei Paschi di Siena, had recommended that shareholders vote through a €3bn cash call so that the bank could pay back most of the €4bn in taxpayer aid that it received this year. But the bank's biggest shareholder, a foundation based in Siena, has ignore Mr Profumo's call and voted to delay the cash call until May. - The TimesBC