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Barclays sets bold profit targets even as weak Q3 saps share price

Fri, Oct 27, 2017 - 5:50 AM

Chief executive Jes Staley has championed investment banking amid calls from some analysts and investors to ditch a business which has in recent years struggled to match the profitability of Barclays' more mundane retail and credit card units.

London

BARCLAYS set a bold new timetable for achieving profitability targets on Thursday, despite a weak third-quarter performance in investment banking where chief executive Jes Staley is focusing on growth.

Mr Staley has championed investment banking amid calls from some analysts...

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