NEW YORK -- Tarnished by its role in a global interest-rate-rigging scandal, the British investment bank Barclays is trying to regain the public's trust.
Antony Jenkins, who took over as Barclays' chief executive last year after the scandal forced out the bank's top leadership, declared Tuesday: "There will be no going back to the old way of doing things."
Jenkins, in a speech, added: "We never want to be in a position again of rewarding people for activity that is inconsistent with our values."
Barclays on Tuesday announced that it would lay off at least 3,700 employees this year as part of a broad restructuring. The bank said it lost $1.6 billion in all of 2012, compared to a $4.7-billion profit in 2011.