Barclays Activist Shareholder Calls to Shrink Investment Bank -Bloomberg
August 06 2020 - 7:19AM
Dow Jones News
--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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