Business & Finance
02 June 2023, 4:12 pm 1 minute
Reuters offers an exclusive behind-the-scenes look at the top-level exodus of U.S.-based investment bankers at Barclays after Chief Executive C.S. Venkatakrishnan’s virtual town hall.
Market Impact
Venkatakrishnan’s intervention underscores the pressure that the British bank is under to protect its U.S. investment banking franchise. Barclays slipped to 14th place in Refinitiv’s Americas mergers and acquisitions league table in the first quarter of 2023 from sixth a year earlier, even as it jumped from ninth to fifth in the Europe, Middle East and Africa league table, as its U.S. dealmakers struggled to preserve market share amid a slowdown in transactions.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Americas
Countries: United States
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
