Barclays Activist Raises Stake, Pressure on Trading Rejig
- Bramson says Barclays is pursuing unrealistic ambitions
- British lender should emulate Deutsche Bank’s restructuring
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A strong first half of the year for Barclays Plc traders hasn’t stopped the bank’s top shareholder from renewing calls to shrink its investment bank.
Edward Bramson’s Sherborne Investors Management LP, which recently boosted its stake to 5.9%, said Barclays should mimic cutbacks at Deutsche Bank AG to improve profitability, according to a letter sent to investors this week and seen by Bloomberg News.