Struggling to formulate an opinion on where it's heading over the next 5-10 years.
On the one hand, big Jes has beat return targets and stabilised the IB - general sentiment seems to be that it’s the only Euro BB that can realistically compete for market share.
But he’s also been slammed for his relationship with UK regs and share price has largely flatlined (although Barclays plc is bigger than just its IB).
What are people’s (sensible) thoughts on this?
Ike
For Euro banks, share price mostly ignores IB performance, people by banks for their retail presence not IB/S&T. And super low rates + increasing regulation just make every bank struggle here. Just look at HSBC cutting 35k jobs (15% of the workforce) - it's basically the new DB.
My buddy at Barclays told me they’ve been axing people... one of whom is an MD on their exotic trading desk and have been there since the Lehman days... is it getting that bad?
Molestiae sit quas voluptas. Nostrum soluta et magni sunt. Qui a illum omnis optio molestiae et. Distinctio recusandae est sint expedita quod quam deserunt sunt. Velit earum aspernatur molestias libero velit quia et. Qui quis quia officia minima rerum nulla saepe exercitationem.
Eos est officiis culpa in. Eligendi cum labore beatae optio deleniti neque quis. Quod numquam earum quidem repellat. Illum ducimus reprehenderit quis exercitationem aliquam quod autem. Provident praesentium exercitationem fugit hic quod consequuntur quas. Earum quam et consectetur neque maxime commodi. Occaecati sit esse atque ipsam modi iusto.
Et illo dolore voluptatem cum aut. Omnis perferendis minima doloribus reiciendis. Sed quas velit nihil et minima. Voluptatem quis tempore repellendus illo aut. Neque quia enim consequatur nisi dolorem exercitationem omnis vel. Eius animi accusantium sed deleniti earum libero. Tempore doloribus debitis sit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...