1. Barclays International CEO Tim Throsby to Leave as Part of Executive Overhaul

    Barclays International CEO Tim Throsby to Leave as Part of Executive Overhaul

    By Lawrence White LONDON (Reuters) - Barclays chief executive Jes Staley took direct control of its under-pressure investment bank on Wednesday, ousting the head of the business Tim Throsby in a surprise shake-up as he battles an activist investor. Staley is assuming oversight of the three Corporate and Investment Bank (CIB) divisions, banking, markets and corporate bank, in a move he said would help improve overall returns to more than the 7 percent achieved in 2018...

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    1. We need a more granular execution focus on the businesses within the CIB if we are to drive those returns, in a reasonable timeframe, towards and above that cost of capital.
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