John Varley, who guided Barclays bank through the credit crisis without resorting to a government bailout, will retire next year as chief executive, to be succeeded by the head of the group’s highly profitable investment banking operation, the company said Tuesday.
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Barclays CEO John Varley to step down
The total cost to taxpayers of bailing out collapsed finance companies isn’t likely to be more than about $400 million, Prime Minister John Key says.
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Bailout cost not as bad as it looks, Key says
Slovakian Prime Minister Iveta Radicova, whose country refused to contribute to a 110-billion-euro bailout of Greece, said on Sunday banks had to “pay” for the debt crisis that shook the eurozone.
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Banks must pay for Greece crisis: Slovakian PM
