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How Barclays is making progress – even if the numbers aren’t

Heard on the Street: The bank’s restructuring is moving ahead, but investors will have to wait to see real results

How Barclays is making progress – even if the numbers aren’t
Photo: iStockPhoto

Credit where it is due: Barclays under Jes Staley is getting on with the restructuring job more quickly than before.

The bank is selling businesses, such as Asian wealth management; shedding jobs, with 8,000 roles gone in four months; and hacking back investment banking, quitting nine countries this year.

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