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Halfway through 2017, Barclays chief executive Jes Staley told investors that: “From July 1, we are the bank that we want to be.”
He was referring to the fact that Barclays had completed a long period of restructuring, culminating in the closure of its non-core division, so it made sense.
But it is also the kind of declaration that can end up as a rod for one’s back, giving as it does a clear point from which to judge future performance.
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