Barclays, on a selling spree, aims to get back to basics

London

BARCLAYS has been a bit of a punching bag among British banks in recent years. The lender was the first bank to admit wrongdoing four years ago over manipulation of the London interbank offered rate, or Libor, a global benchmark interest rate.

The controversy eventually spread across many of the world's biggest banks, including investment banking rivals Citigroup, Deutsche Bank, JPMorgan Chase and UBS, yet it has continued to weigh heavily on Barclays' reputation, particularly at home.