Barclays signals investment-banking scale-back plan

Barclays’ new chief executive today signalled plans to shrink the investment banking arm that dominated the reign of predecessor Bob Diamond.

Barclays signals investment-banking scale-back plan
Sun, 02 Sep, 2012 - 14:27

Barclays’ new chief executive today signalled plans to shrink the investment banking arm that dominated the reign of predecessor Bob Diamond.

Antony Jenkins said tough new regulations and a stagnant economy would make “some activities in investment banking difficult to make an adequate return on”.

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