‘He Should Go Back to Connecticut.’ Barclays CEO Battles Activist Over Bank’s Future.

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‘He Should Go Back to Connecticut.’ Barclays CEO Battles Activist Over Bank’s Future.
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Is there place for a European bank on today's Wall Street? Barclays CEO Jes Staley is betting there is

Jes Staley runs one of the last full-service banks left in Europe that compete with Wall Street. The way the 62-year-old American banker sees it, his restructuring of U.K.-based Barclays PLC has primed it to take on the likes of Goldman Sachs Group Inc. and Morgan Stanley.

British-born investor Edward Bramson couldn’t agree less, and his New York firm has bought a sizable stake in Barclays. He is trying to force the bank to scale back its Wall Street ambitions, to become a consumer and commercial lender with smaller investment-banking...

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‘He Should Go Back to Connecticut.’ Barclays CEO Battles an Activist‘He Should Go Back to Connecticut.’ Barclays CEO Battles an ActivistJes Staley’s plans to compete with Wall Street have meet resistance from investor Edward Bramson, who owns a sizable stake. A Thursday showdown looms over a board seat.
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