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April 28, 2016

Barclays needs more strategy than just hope and a prayer

“Barclays shareholders are restless. The stock price is down even as the market is up. The bank’s shares are trading near the level prevailing in 2012, when Bob Diamond was ousted as chief executive, which was also about the level at which they traded on his arrival at the bank in 1996. There have been thrills and spills along the way, which may have created opportunity for the punter. But for the long-term investor it has been nearly two decades of risk for little reward.”

“Executives, by contrast, have done well, receiving staggering compensation in good times and only a little less staggering in bad.”

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Read the full Financial Times Opinion piece by Robert Jenkins here.

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