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Barclays

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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.
  • Barclays’ corporate and investment banking chief Rich Ricci has made his first key changes to the structure of the business since taking charge in June, combining the trading and sales operations of its FICC division with equities, and creating a new global senior leadership team.
  • Deutsche Bank, JPMorgan and Barclays continue to slug it out at the top of the market-share tables for crisis-hit credit trading. But when it comes to quality over quantity, RBC Capital Markets is the firm to watch.
  • As a Brit and career retail banker with a long and successful history at Barclays, Antony Jenkins may be seen in some quarters as the perfect successor to Bob Diamond as chief executive. For one market commentator in particular however, Jenkins is an unknown quantity whose suitability is questionable.
  • Expectations are growing that Barclays’ new chief executive will dismantle the group’s investment bank, but that might be exactly the wrong thing to do.
  • Why Antony Jenkins' appointment as CEO won't kick off a "balance-sheet kitchen-sinking exercise" at the expense of Barclays Capital.
  • Given the number of hurdles facing Barclays - new regulation, shareholder pressure for a smaller investment-banking franchise, and ongoing investigations - Jenkins will enjoy no honeymoon.