Well, it looks like former Barclays boss’ reputation just took a one-way trip to rock bottom — and it’s not coming back anytime soon. A tribunal has ruled that his reputation is “irretrievably damaged” after being slapped with a City ban. Ouch.
Apparently, the guy got himself into this mess by being a little too creative with his banking tactics. The Financial Conduct Authority (FCA) wasn’t impressed and decided to give him the corporate version of a scarlet letter — banning him from holding senior positions in any financial institution. Talk about career goals.
What’s even more impressive is the sheer speed at which his professional standing tanked. One minute he’s at the top of the financial food chain; the next, he’s the subject of office gossip and awkward LinkedIn searches.
“This is a clear signal that the FCA is serious about holding senior figures accountable,” said one financial analyst. Translation: “If you’re going to screw up, at least don’t get caught.”
So, what’s next for the ex-boss? A quiet life of writing memoirs about “lessons learned” while cashing in on speaking gigs about corporate responsibility? Or maybe he’ll pivot to crypto — that seems to be where all the financial outcasts end up.
Either way, it’s safe to say his days of making power moves in the financial world are over. Better luck next life, buddy.