Davos 2024
Barclays CEO Defends Investment Bank Ahead of Investor Day
- Bank set to unveil series of new financial targets next month
- CEO separately says retail bank must expand to help returns
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Barclays Plc Chief Executive Officer C.S. Venkatakrishnan defended the firm’s investment banking division, the latest sign that an ongoing strategy review is unlikely to result in sweeping changes at the British bank.
Venkatakrishnan said his firm’s investment bank unit had been “extraordinarily successful,” in a Bloomberg Television interview with Francine Lacqua at the World Economic Forum in Davos. He said when he offers investors an update next month, his focus will be on boosting efficiency, a move that might disappoint investors hoping for a more radical shake up.