Barclays Must Cut Investment Bank as Outlook Dims, JPMorgan Says

  • `Deteriorating' industry outlook means change is needed
  • JPMorgan forecasts 4 billion pounds of litigation by end 2018

Barclays Plc Chief Executive Officer Jes Staley should deepen cuts at the investment bank as the industry outlook deteriorates, and focus on its more profitable consumer and credit card businesses, according to JPMorgan Chase & Co.

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