--Edward Bramson's Sherborne Investors Management LP, a top shareholder in Barclays PLC, said the company should shrink its investment bank, Bloomberg reported Thursday.

--"Trading firms should optimize the capital allocated to their corporate and investment banks rather than pursue unrealistic ambitions," Mr. Bramson said in a letter to investors which was seen by Bloomberg.

--Bramson recently increased the shareholder's stake in the FTSE 100 lender to 5.9%, according to Bloomberg.

Full story: https://bloom.bg/2XALMKz

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(END) Dow Jones Newswires

August 06, 2020 07:04 ET (11:04 GMT)

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