US-based activist investor will ramp up pressure on bank if first-quarter results fail to impress
The activist investor Edward Bramson will this week ramp up his battle with the Barclays chief executive, Jes Staley, in his attempt to force the group to scale back its poorly performing investment banking division and install him on the board.
Bramson, a British-born lawyer based in New York, has built up a 5.5% stake in Barclays via his Sherborne Investors vehicle, making him the third-largest shareholder after the investment fund BlackRock and Qatar’s sovereign wealth fund.
Continue reading...from US news | The Guardian http://bit.ly/2INW977
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