jes staley has been singing the praises of londoners, but i wonder if that comes as any surprise?e been looking at contingency plans, and as you said, hsbc have triggered theirs, they said we always said we would move a thousand people if we were to leave the single market, and that is exactly what we are going to do. but a lot better news for theresa may from the boss of barclays. he told us from the boss of barclays. he told us what he thought about the future of london as a financial centre. as isaid of london as a financial centre. as i said before, of london as a financial centre. as isaid before, i of london as a financial centre. as i said before, i don't believe that financial centre will leave the city of. i think the uk will continue to be the financial longs for europe. we may have to move certain activities, we may have to change the legal structure that we use to operate in europe, but i think it is going to be at the margin, and will be manageable. you have a banking licence in dublin and a big business in the us. is it a sensible conclusion to make that some of thos

. >> still to come, barclays ceo, jes staley says the volcker rule is here to stay and the banks needo get used to it. we'll ask tim adams what he thinks about that next. oura r to at'hed wh a ststislld ac cllt.l oura r to rroro ve cdentare icit. iv ot omnshoxpts wes o isved ys b ve cdentare icit. tadirectv now. stream all your entertainment! anywhere! anytime! can we lose the 'all'. there's no cbs and we don't have a ton of sports. anywhere, any... let's lose the 'anywhere, anytime' too. you can't download on-the-go, there's no dvr, yada yada yada. stream some stuff! somewhere! sometimes! you totally nailed that buddy. simple. don't let directv now limit your entertainment. only xfinity gives you more to stream to any screen. >>> the future of the global financial system is a big topic here at the world economic forum. barclays ceojes staley speaking to cnbc this morning. >> we believe the banks need to atone for the mistakes, the transgressions made going into the financialclays is prepared t price. >> joining us is tim adams from the institute for international finance, a group tha

cnbc spoke to the ceo, je jes staley. >> we believe the banks need to atone for mistakes and transgressions. we believe barclays is prepared to pay that price, but in our view the price needs to be fair. we've all seen the settlements u.s. banks reached with the department of justice. the line for us is we wanted to be treated fairly and consistently with other banks, and we couldn't get there with the department of justice. >> is there a feeling from share shoulders, you can't move on with the rest of the business, you can't move on fully while this is hanging over you? you're looking backwards and forwards at the same time? >> i think barclays is almost done with the restructuring of the bank. in 2017 we will finish with that restructuring. we are looking forward. we think we had a productive 2016. we'll deal with the department of justice and we'll be fine. >> regulators, have they gone over the line? have they pushed this too far trying to make the banks pay for past indiscretions? >> what level is fair or not fair is for others to decide. except for being treated fairly with the other

lungs of europe even after the uk leaves the eu — that's according to barclays chief executive jes staleyropean banking business can continue to be done from the uk. members of the royal institution of chartered surveyors have downgraded their outlook for uk property sales in the year ahead. the number of surveyors expecting sales to increase over the next three months has fallen significantly, according to the latest rics survey. the report was also more gloomy about the final three months of 2016. manchester united generated the most revenue of any football club in the world last season, according to a report published by deloitte. united dethroned real madrid — who held top spot for 11 years — after accumulating a record revenue of £515 million during the last season. let's pick up on theresa may's speech. she's been addressing the world economic forum after her address in london earlier this week, setting out a bit more clarity about the uk's departure from the eu. some of the political reactions have been pretty tense. earlier, the bbc‘s kamal ahmed sat down with pierre moscovici — t