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: Barclays
Barclays plc is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services.
Stock tickers: (LSE: BARC, NYSE: BCS, FTSE 100 Component)
Barclays traces its origins to the goldsmith banking business established in the City of London in 1690.
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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.
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