Shadow Business Secretary Chuka Umunna has welcomed Antony Jenkins' appointment as the new Barclays chief executive:
I welcome Antony Jenkins' appointment as Barclays' CEO - I've met him in person and cross examined him when on the Treasury Select Committee
Like Stephen Hester, Antony Jenkins readily accepts the issues in the banking sector are not isolated to a few bad eggs but are cultural
I hope that Jenkins, new in post, will ensure that those SMEs who have been missold interest rate swaps by his bank are properly compensated
As far as the banking world goes, Antony Jenkins is about as far from being Bob Diamond as it is possible to be.
Barclays has admitted it is being investigated over payments made at the height of the financial crisis to Qatar.