Barclays/Bramson: the Scottish play [Financial Times (FT.com) (UK)]
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Source: Financial Times
Barclays/Bramson: the Scottish play | Financial Times April 25, 2019 Print this page There is merit in the Scottish court verdict “not proven”. It applies to Edward Bramson’s prosecutorial case that Barclays is guilty of a dire strategy error. Chief executive Jes Staley is committed to keeping a sizeable investment bank. For all their glamour, such businesses are deeply unpopular. They devour capital. Their earnings are volatile. In the first quarter, the pre-tax profits of Barclays’ corporate and investment bank fell a third year on year to £827m. Mr Bramson thinks Barclays should cut back its trading and deal advice supermarket. A 5.5 per cent stake held through his vehicle Sherborne empowered him to call a vote The ex-JPMorgan guy risks being “wromantic but wrong”, like the Cavaliers in one spoof history of the . The The reason for giving Mr Staley more time is that most an rivals have cut back their investment banks to focus on wealth management or lending. He has a maverick’s cha
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