Barclays boss pledges to slash bonuses

Barclays boss Antony Jenkins said he was "shredding" the legacy left by his predecessor Bob Diamond as he confirmed bonuses will be slashed following another £1bn (€1.15bn) provision to cover mis-selling scandals.

Mr Jenkins, who took over as chief executive in August, told British MPs that he repeatedly raised concerns with the board and Mr Diamond over the culture at the bank and that "actions" were needed rather than words.