![]() Capital costs are not being covered by a long margin. At just 1.1% in the corporate investment bank, this was down from 6.1% in 2016. The only other bank to share this dubious honour was Deutsche Bank, and bad things have been taking place there of late.Įven more damning, though, than Barclays' declining market share was last year's return on equity. As the various charts at the bottom of this page from Morgan Stanley's banking analysts make clear, Barclays' investment bank lost market share in ever single area in 2017: the investment banking division was down, equities was down, and fixed income currencies and commodities (FICC) were down. ![]() All that remains now is to implement "the strategy." With the FCA out of the way, Staley's position is made all the more impregnable by the fact that he also managed to negotiate a mere $2bn fine with the Department of Justice in February. ![]() "There’s a palpable sense of relief," one MD told Financial News, adding that Staley has been, "championing the investment bank," and was effectively a breath of fresh air after the horror of Antony-the-retail-bank Jenkins. Staley the saviour is secure for the foreseeable future deep exhalations and champagne all round.īarclays' bankers certainly seem predictably pleased with Staley's survival. ![]() With Jes Staley let go with a mere monetary penalty, employees at Barclays' investment bank can live to die another another day. ![]()
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