Activist Investor Wants Barclays to Cut Back Investment Bank -Reuters

Date : 05/18/2018 @ 5:39AM
Source : Dow Jones News
Stock : Barclays (BCS)
Quote : 8.73  0.0 (0.00%) @ 5:16AM

Activist Investor Wants Barclays to Cut Back Investment Bank -Reuters

Barclays (NYSE:BCS)
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--Activist investor Edward Bramson wants Barclays to cut back activities at its investment bank, getting rid of its equities, currency, and fixed-income trading desks, reports Reuters, citing unnamed sources.

--The activist is pushing to boost returns at the investment bank by concentrating only on corporate advisory and capital-markets activities, after acquiring a 5% stake in Barclays via investment vehicle Sherborne Investors, says Reuters.

 

Full story: https://reut.rs/2wQUuJQ

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

May 18, 2018 05:24 ET (09:24 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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