Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,446.30 +58.68 0.38%
S&P 500 1,678.06 +8.90 0.53%
Nasdaq 3,504.12 +2.00 0.06%
Ticker Volume Price Price Delta
STOXX 50 2,835.01 +13.36 0.47%
FTSE 100 6,840.27 +36.40 0.53%
DAX 8,530.89 +58.69 0.69%
Ticker Volume Price Price Delta
Nikkei 15,627.30 +246.24 1.60%
Hang Seng 23,261.10 -105.29 -0.45%
S&P/ASX 200 5,165.37 -14.69 -0.28%

Barclays Chairman May Shrink Investment Bank, Times Reports

The new chairman of Barclays Plc (BARC), David Walker, will review pay policies and the balance between retail and investment banking, according to the Sunday Times.

The investment-banking unit, formerly known as Barclays Capital, may be cut by as much as 20 percent, the newspaper reported, citing people it didn’t identify.

Perry Jones, a London-based spokesman for Barclays, declined to comment when contacted by Bloomberg News today.

To contact the reporter on this story: Isaac Arnsdorf in London at iarnsdorf@bloomberg.net

To contact the editor responsible for this story: Mike Harrison at mharrison5@bloomberg.net

Enlarge image Barclays Chairman David Walker

Barclays Chairman David Walker

Barclays Chairman David Walker

Barclays Plc via Bloomberg

Barclays Plc's new Chaiman David Walker.

Barclays Plc's new Chaiman David Walker. Source: Barclays Plc via Bloomberg

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link