A Key Barclays Investor Which Backed CEO Jes Staley Has Cut its Entire Stake in a Major Blow to the Lender
- 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.
One of the largest shareholders in Barclays has cut its stake in the lender during a crucial period for the bank...