Barclays Plunges as Trading Declines, Adding Pressure on CEO
- Shares fell most since Brexit on Staley’s worst markets result
- Markets revenue drops 31%, more than Wall Street rivals
Barclays CEO on Earnings, Growth Strategy, Markets
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Barclays Plc Chief Executive Officer Jes Staley said he wouldn’t panic after one bad trading quarter. Now he’s had three.
The British bank plunged the most since the aftermath of the Brexit vote after it posted the worst markets performance in Staley’s two-year tenure. Revenue from trading stocks, bonds and currencies fell 31 percent in the third quarter, the lender said Thursday, trailing most Wall Street rivals that posted an average 15 percent decline.