30 0

Chief executive officer of Barclays, Jes Staley, takes part in the Yahoo Finance All Markets Summit in New York, U.S., February 8, 2017. REUTERS/Lucas Jackson. LONDON (Reuters Breakingviews) - Barclays Chief Executive Jes Staley’s decision to keep a big investment bank has been a blessing in 2020. But that’s been the exception rather than the rule during his tenure. As the board plans for Staley’s eventual exit, a candidate who is less attached to the markets business would be the best choice. True, having a large trading unit allows banks to better weather economic downturns. When loans sour, frenetic capital markets provide income. Barclays’ investment bank generated a 10.5% annualised... Full story

23 October