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Fresh job cuts loom at Barclays as chair fights pressure over Staley

Under-fire chair Nigel Higgins may finally have to take aim at the investment bank

'There is only so long that you can fight the market'
'There is only so long that you can fight the market' Photo: Jason Alden/Getty Images

David Wighton is a columnist for Financial News

When Nigel Higgins was appointed chair of Barclays in 2019, some close observers predicted he would see off chief executive Jes Staley and scale back the group’s investment bank. They may yet be proved right, though not quite in the way they expected.

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