Page 85 - Bank Case Studies
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The market however, didn’t agree and Barclays’ shares fell 7
per cent to 182p, less than two-thirds of the value of the
bank’s equity. Two years earlier the shares were nearer
240p. (10)
“A fair number of big shareholders don’t think so,
either. Mr Staley’s strategy involves allocating
substantial resources to rebuilding Barclays’ investment
bank. They’d rather the group paid a dividend. After all,
the weak performance of investment banking caused
group profits in the third quarter to fall short of
expectations.” (10)
Ref 11
Tiger Global, - investment group - bought $1 billion of
Barclays stock in November 2017.
