Sherborne: Barclays’ trading model doesn’t work

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Sherborne: Barclays’ trading model doesn’t work

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General view of Barclays Bank's UK headquarters, in Canary Wharf, London. The bank is one of several rumoured to be planning a move to Frankfurt after the UK's decision to leave the European Union. Picture date: Wednesday November 23rd, 2016. Photo credit should read: Matt Crossick/EMPICS Entertainment | Matt Crossick/Empics Entertainment

Activist shareholder Edward Bramson’s Sherborne Investors Management has made a detailed critique of Barclays’ markets business in a letter penned to shareholders, saying it did not have enough support from asset management or corporate banking operations to work well.

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