Barclays investment banking arm is to shrink under new plans from CEO Antony Jenkins. He told the Sunday Times that stronger regulations in addition to a troubled economy would make a number of investment banking activities ‘difficult to make an adequate return’ on.
Jenkins also shown a consultative approach as he vowed to listen to what’s on investor’s minds in terms of concerns regarding the running of Barclays.
He noted that he intends to do a greater deal of ‘listening’ rather than ‘talking’ as he looks to restore the Barclays reputation suffered following LIBOR fixing.
