The Barclays boss says Bank ‘on the loose’

  • The Barclays boss says Bank ‘on the loose’
    Independent.t. E.
    Chalk up a strong quarter for Jes Staley, but a murky Outlook, it may not be out of the woods with an activist investor at Barclays.
    https://www.independent.ie/business/world/barclays-boss-says-bank-running-free-37180144.html
    https://www.independent.ie/incoming/article37179903.ece/01996/AUTOCROP/h342/GettyImages-942945122.jpg

  • Email

Chalk up a strong quarter for Jes Staley, but a murky Outlook, it may not be out of the woods with an activist investor at Barclays.

Second quarter revenue from trading in securities of the British Bank, the Central element of the strategy, the chief Executive officer of the company, grew by 11pc compared with an average 9.5-paced PC made by American banks. What prompted Mr. Staley to say Barclays is “running free” after many quarters of being burdened with the legacy of the prosecution of the offense.

Still, as Barclays warned of low market volatility in July, which could dampen investment banking revenue, and “some margin pressure” on UK business. Company lender slept, as Mr. Staley took the helm in 2015, adding to the pressure of controlling sensors and investor activist Edward Bramson, who allegedly wants to change the Bank’s plans.

In the second quarter results “good”, however, the Barclays guide to expected performance for the rest of the year is “very bad,” said ed Firth, an analyst in London with Keefe, Bruyette and woods with a sell rating on its shares. (Bloomberg)

Online Business Classes