Why Barclays Needs Africa

Jes Staley, CEO, Barclays

Chapter one in the manual given to all new bank CEOs directs them to survey every business line, looking for fat that can be trimmed and capital that can be reallocated.

So, it’s standard procedure for Barclays CEO Jes Staley to rifle through the bank’s divisions a couple of months into his tenure.

It would make less sense, though, if that review results in a sale of all or part of Barclays’s Africa business, something that’s now being considered according to the Financial Times.

Read more: Why Barclays Needs Africa – Bloomberg Gadfly