Barclays is under pressure from activist investor Edward Bramson to slim down its investment bank. But among top European IBs, it made the second highest amount of revenue in Europe, the Middle East and Africa in 2018, according to new research. The results were less promising for Deutsche Bank, however.
Bramson has been pushing the UK bank to scale back its investment banking operations and is seeking to join the board in the annual general meeting on May 2.
The activist will not receive enough support to get on the board even if regulators accepted his taking the position, reckons John
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