LONDON (Reuters) - Barclays Chief Executive Antony Jenkins said on Thursday he expects the bank to make "significant" progress this year toward settling outstanding investigations into past misconduct.
"I expect we will make significant, though sometimes difficult, progress in these issues in 2015," he told the bank's annual meeting, referring to issues including an ongoing investigation into alleged foreign exchange manipulation.
Jenkins also said the bank would make more cost cuts and shed unwanted assets this year.
BARCLAYS (BARC.LO) new Chairman John McFarlane is expected to outline his priorities for the bank immediately after taking the helm following the shareholder meeting.
Banking and insurance veteran McFarlane, who replaces David Walker, is tasked with overseeing its efforts to stamp out wrongdoing and improve performance. He will set out his priorities in a letter to investors.
Barclays says it is on the road to recovery under Jenkins, but it still needs to resolve allegations some of its traders played a role in the manipulation of foreign exchange rates and other issues, to increase returns above its cost of capital and decide how big it wants its investment bank to be.
(Reporting By Steve Slatetr and Matt Scuffham; Editing by Sinead Cruise)
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