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Barclays investors give CEO Staley year to fix investment bank

Reuters  |  LONDON 

By Sinead CruiseLONDON (Reuters) - From BZW to BarCap, Barclays bosses have spent more than three decades trying to make the British bank a profitable investment banking force, often frustrating its investors.Now Barclays Chief Executive Jes Staley is being given one more year to deliver on a promise to turn its investment bank into a profit engine able to weather downturns or face demands for a review of the business, shareholders told Reuters.Staley, feted for his achievements at U.S. powerhouse JPMorgan, pledged to revive Barclays' tired investment banking franchise as soon as he joined ...

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First Published: Wed, March 14 2018. 23:53 IST
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