And it's all UBS's fault.
The newspaper says that 'at meetings with investors in recent weeks, at least three of the 30 biggest shareholders' have told Jenkins and other senior Barclays executives that the firm should consider following the example of UBS, which last month signalled a dramatic retreat from the fixed-income side of its investment banking business.
One bank insider said: 'The 20% pop in the UBS share price has got investors’ juices flowing'.
The Daily Telegraph points out that when Jenkins was appointed at the end of August he said he was considering the organisational structure and would 'spend a lot of time with external stakeholders', listening to concerns about how the bank was run.
His first act was to order an immediate review of all of Barclays’ businesses and said the work could results in some businesses 'shrinking'.
One banker told Here Is The City: 'When news about the UBS restructure hit, the first question was 'Who's next ?'. And Barclays was the first name in the frame - like UBS, it has a relatively new CEO with no preconceived ideas about how the Group should look going forward, and had (also like UBS) just emerged from a scandal (in the case of Barclays, LIBOR fixing).
'The writing is surely on the wall for a radical restructuring of the investment bank, although it will most likely be shrunk fairly significantly, rather than be shuttered completely or sold off'.
Investors urge Jenkins to split Barclays (subscriber content)
image: © Torpe