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Morgan banker Bill Winters is favorite to be CEO and former UK Cabinet Secretary Gus O'Donnell is front-runner for chairman, according to industry sources and UK media reports.Barclays is reviewing lakers christmas day jerseys all parts of its investment bank, people familiar with the matter said, and the scale of any retreat will be a key issue for the new CEO.Its investment banking income in the second quarter is likely to have dipped from the first quarter, as several U.S. and European rivals have already shown the impact of the eurozone crisis on trading activity.Barclays has admitted its culture needs to change and it has picked veteran lawyer Anthony Salz to lead a review of practices, expected to be completed before May 2013.More than a dozen other banks are expected to be drawn into the global Libor investigation and could also be fined.But Barclays is us world cup jersey 2014 struggling to limit the damage and could come under fire on Friday on payouts for those in charge.Jerry del Missier, the chief operating officer who quit after becoming embroiled in the Libor scandal, is set to receive an almost 9 million pound ($14 million) pay-off, prompting criticism of "reward for failure".($1 = 0.6370 British pounds)(Additional reporting by Chris Vellacott; Editing by David Holmes)Money.
GAAP, for example, has specialized revenue recognition accounting for casinos, airlines and other industries, while IFRS does not, he said. Rule-makers are revising that standard to align IFRS and GAAP.Unlike IFRS, GAAP allows "last-in-first-out" inventory reporting, which produces more accurate income statements, he said.
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