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Antony Jenkins named as Barclays' new chief executive

30 August 2012 Last updated at 23:27 BST

Barclays has chosen someone from inside the bank to be its new chief executive.

Antony Jenkins began his career at Barclays 30 years ago - and said he was "very proud" to be taking the helm.

The announcement comes a day after Barclays said the Serious Fraud Office was investigating the bank.

The BBC's chief economics correspondent Hugh Pym reports.