Barclays
Top unit
Top unit
Barclays: The bet that paid off
Since Jes Staley took charge of Barclays at the end of 2015, he has faced constant questions over his ability to reposition the firm as a credible force in investment banking. Sticking to his guns in the face of activist shareholder pressure, he now looks vindicated, but growing from here presents a new challenge.
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Barclays' planned divestment of its Africa unit signals a new normal for the lender but the move appears counter-intuitive given the latter's relative profitability. -
Extended results can be viewed here.
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HSBC latest to pledge green bond investments; Barclays hits £1 billion target and promises more.
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The $150 million fine imposed on Barclays this week for abusing its last-look policy on clients' currency orders until as recently as three months ago signals another nail in the coffin for the controversial practice, say analysts.
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What kept Jes Staley out of the Barclays job three years ago does not apply in 2015, but this time round his challenges could be even greater.
