The recently appointed executive chairman of Barclays, John McFarlane, is set to wield the axe even more quickly at the bank, it emerged Wednesday.
The bank now plans to cut its non-core assets from £57 billion ($89 billion) at the moment to £20 billion by the end of 2017, with the sale of businesses like its Portugal operations accelerated.
McFarlane said in a statement; "We need to accelerate the execution of the strategy. There is more that can be done to deliver better returns for shareholders, faster."
Impatience with the pace of change was believed to be behind Antony Jenkins's departure as the bank's CEO a few weeks ago.