Skip to content
Subscriber Only

Barclays CEO Awaiting First Meeting With Activist Bramson

  • Staley says share buybacks will start once misconduct settled
  • CEO remains committed to investment bank despite poor returns
Bloomberg business news
Jes Staley discusses activist investor Bramson and the impact on banking from a possible trade war.Source: Bloomberg
Updated on

Barclays Plc Chief Executive Officer Jes Staley said he’s still waiting to hear the views of the bank’s new activist investor, while pointing to the potential for buybacks that Edward Bramson and other shareholders might be craving.

The London-based bank’s head of investor relations has already “had a brief meeting” with Bramson’s Sherborne Investors, Staley said on Bloomberg Television, his first interview since the firm emerged this week as one of Barclays’s biggest owners. The CEO reiterated the lender will be in a position to return more cash to shareholders as soon as legacy misconduct issues are resolved.