BREAKFAST DEALS: Mike Smith swap?

Barclays reportedly eyes Mike Smith to replace Bob Diamond, while Crown wagers on Barangaroo.

It's long been said that Australian banks are well regarded overseas – now we have some proof. The latest whisper from Wall Street is that one of our big-name financial bosses could be a contender for the top job at Barclays, which lost its chief executive to the rate-fixing fiasco still rocking the industry. Meanwhile, Crown bets on Barangaroo, Goldman Sachs wins the ear of the NSW government, and Perpetual clears the air at Fairfax.

ANZ, Barclays

In the wake of a Libor scandal that cost Barclays its chief executive and chairman, it makes sense for the bank to search for external replacements. But who knew the hunt would take the firm all the way to Australia?


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