Antony Jenkins' sacking from Barclays may be the death knell for banking reform

The ousting of Barclays' chief executive appears to send a clear message: banks are back to business as usual and genuine reform is as far away as ever

Related: Barclays fires chief executive Antony Jenkins

When recently sacked Barclays chief executive Antony Jenkins was appointed three years ago, he was seen by some as a sensible successor to Bob Diamond, a man widely blamed for turning Barclays from a primarily UK retail-focused organisation into a global, universal bank where systematic and illegal manipulation of Libor and foreign exchange interest rates took root. In May this year, Barclays was hit with the biggest single bank fine in UK history - 284.4m - for forex rigging as part of a total settlement with the Financial Conduct Authority and four US regulators totalling 1.5bn.

Related: You need never use a bank again. Here's why

Related: Turning RBS into local bank will protect us against next financial crisis