Barclays:BarCap RoE Seen Bottom Of 15%-20% Range Through Cycle
September 29 2009 - 4:35AM
Dow Jones News
Barclays PLC (BCS) Chief Executive John Varley said Tuesday that
the bank expects the return on capital at its investment banking
business to be on the bottom of the 15% to 20% target range
"through the cycle."
"As a result of the requirement for larger amounts of capital to
be held by the business, I think it's clear that we would be
operating at the bottom of that range, rather than at the top of
that range," Varley told investors at a conference in London.
"But we do feel that that sort of return is something that we
expect Barclays Capital to be able to generate," he added, without
being more specific about the timing.
-By Patricia Kowsmann, Dow Jones Newswires. Tel
+44(0)207-842-9295, patricia.kowsmann@dowjones.com