A Key Barclays Investor Which Backed CEO Jes Staley Has Cut its Entire Stake in a Major Blow to the Lender
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- One of Barclays' largest investors, US hedge fund Tiger Global, has sold its entire holding in the bank.
- It is a major blow to the lender as it bids to turnaround its performance in its investment banking division.
- Tiger Global had been a major backer of CEO Jes Staley, but the move points to a weaker sentiment in the lender.