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Staley's commitment to Barclays' investment bank pays off in third quarter

Oct 28, 2019 - SNL European Financials Daily

Barclays' CEO Jes Staley has backed its investment banking arm against activist investor Edward Bramson's calls to cut it back and third-quarter results lend weight to his decision.

Barclays PLC investment bank reported a sharp rise in profits to £882 million reflecting well on CEO Jes Staley's commitment to the division in the face of attacks on its strategy from activist investor Edward Bramson.

A good performance from the investment bank was marred by a £1.4 billion charge for c...