Inside the showdown over the future of Barclays. 'He wants us to retreat into a foxhole? He should go back to Connecticut.'
Jes Staley runs one of the last full-service banks left in Europe that competes with Wall Street. The way the 62-year-old American banker sees it, his restructuring of U.K.-based Barclays PLC has primed it to take on the likes of Goldman Sachs Group Inc. and Morgan Stanley.
British-born investor Edward Bramson couldn’t agree less, and his New York firm has bought a sizable stake in Barclays. He is trying to force the bank to scale back its Wall Street ambitions, to become a consumer and commercial lender with smaller investment-banking...
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