Barclays CEO Venkat: business turnaround, cancer, capital requirements and an £800m crisis

C.S. Venkatakrishnan — known as Venkat — took over as Barclays CEO in 2021, inheriting a bank with a share price under pressure and no shortage of sceptics. Four years on, profits are up, returns are up, and Barclays has committed to returning over £15 billion to shareholders by 2028. In this episode of the Business Leader Podcast, host Sir Richard Harpin asks the Barclays chief executive to unpack the strategy behind one of the UK's most closely-watched banking turnarounds. Venkat shares his lessons from 22 years at JP Morgan and working with Jamie Dimon, the inside story of Barclays' 2024 restructuring, why he believes the UK's Consumer Credit Act of 1973 is holding back consumer lending, and what banks should — and shouldn't — be liable for when it comes to motor finance, heat pumps and solar panels.He also opens up about being diagnosed with cancer four months into the top job, working through treatment, and the leadership lessons that got him — and Barclays — through it.Subscribe to the Business Leader Podcast and sign up to our free weekly newsletter at businessleader.co.uk/newsletters.Business Leader is a membership community for ambitious CEOs and founders of mid-sized UK companies, designed to help them grow with purpose through strategic support, peer-to-peer learning, expert coaching, and high-impact events. Sign up for our Business Leader newsletter here. Hosted on Acast. See acast.com/privacy for more information.