More calls for Barclays to be broken up

Ice Crack Split

Barclays is battling investor pressure to pursue a spin-off of its high street operations from the bank’s investment banking arm.

The Telegraph reports that it is understood that about a fifth of its shareholder base favours a full split that would leave the two divisions with separate stock market listings. Barclays is in the midst of applying new ring-fencing rules that come into force at the start of 2019. The rules, introduced after the 2008 banking meltdown, stop short of demanding a full break-up.

However, some big investors would like the bank to go a step further and pursue a more radical separation amid concerns about weak profitability and the fines it has received for past misconduct. “There’s a lot of UK investors that wished they didn’t have an investment bank,” said one senior fund manager, who holds Barclays shares.

Hit the link below to access the complete Telegraph article:

Fresh investor calls for Barclays break-up

What causes a stock market crash - and are we heading for another?

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts