Barclays’ Investment Bank Struggles as Activist Investor Pressures Unit

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The results ramp up the pressure on the bank as activist Sherborne Investors pushes for a seat on the board

LONDON—Barclays PLC reported weak first-quarter earnings in its investment bank, days before shareholders are due to vote on a board appointment for an activist investor who wants to shrink the unit.

The British lender said net profit in its corporate and investment bank fell 30% from the first-quarter 2018 to £582 million from £834 million, because of reduced client activity, lower volatility and fewer corporate deals. The bank’s overall net profit in the quarter was £1.04 billion, up from a £764 million net...

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
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