Barclays PLC (NYSE:BCS) (LON:BARC) signaled a return to its retail roots by slashing much of its investment bank and parking 400 billion pounds of assets in a new ‘bad bank’.
Its carve-up plan will provide enhanced prominence to Barclays’ retail operations in the UK, its Barclaycard credit card arm and its African business.
Jenkins forced to take knife to the investment bank
Last month it was reported that the British bank would announce...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
