Apr
29
Jes Staley Really Showed Us
ByLast month, we had a little fun with Barclays CEO Jes Staley. Staley, who was at the time enjoying a very unusual instant of grudging appreciation from shareholders, has spent the better part of two years trying to turn the bank around by turning its investment bank around. While this appeared to be working, some skeptical Wall Street Journal columnists and snarky bloggers suggested that for all of the apparent success, of which there was some but not much, trying to save Barclays’ I-bank made no sense, both because Barclays sucks at investment banking, and also Barclays having an investment bank at all makes no sense. To which Jes Staley says,…
