Barclays is betting
it can revive its wilting share price by upping investment in a
crop of its smaller businesses including U.S. credit cards,
sources familiar with the matter said. But some of its.
Barclays is betting it can revive its wilting share price by upping investment in a crop of its smaller businesses including U.S. credit cards, sources familiar with the matter said. Chief Executive C.S. Venkatakrishnan is studying plans to allocate more capital to the bank's wealth management, U.S. credit card and global payments activities to boost returns, according to people familiar with his thinking and reported here for the first time, after drafting in Boston Consulting Group (BCG) to review strategy earlier this year. A team of BCG consultants has taken up temporary residence at the bank's headquarters in London's Canary Wharf financial hub to help management brainstorm an optimal investment plan, one source familiar with the BCG review said.
Barclays is betting it can revive its wilting share price by upping investment in a crop of its smaller businesses including U.S. credit cards, sources familiar with the matter said. But some of its top shareholders would prefer the quicker fix of a buyback.
Barclays eyes smaller units for growth in strategic review, risks investor ire zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.