Page 39 - Barclays Bank (B) Teaching Note

risking course as well as seeking a ‘less capital intensive’
investment arm whilst driving down the RWAs to £27 bn.

Staley is retreating from Asia and Africa not out of any

reluctance to seek out higher risks and higher rewards,

but because he wants to take these risks and rewards

from his two identified areas of potential. First:

“At the heart of Barclays’ strategy is to build on our

strength as a transatlantic Consumer, Corporate and

Investment bank anchored in the two financial

centres of the world, London and New York,” Staley

The second, is its ring-fenced UK retail bank.

However, for Staley and his strategy, there is light at the

end of the tunnel as regulatory fines draw to an end.

Staley has promised that his ‘dramatically simplified’ bank

will ‘pay out a significant proportion of earnings in

dividends to shareholders over time’.