Aug.06 — Edward Bramson’s Sherborne Investors Management LP, which recently boosted its stake in Barclays Plc to 5.9%, said the lender should improve profitability at its investment bank by mimicking cutbacks at Deutsche Bank AG, according to a letter sent to investors this week, and seen by Bloomberg News. Stefania Spezzati reports on “Bloomberg Surveillance.”
In This Story: Deutsche Bank
Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed in New York Stock Exchange and Frankfurt Stock Exchange. The bank’s network spans 58 countries with a large presence in Europe, the Americas and Asia.