Barclays announces strategic shakeup with focus on investment banking

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Barclays plans to return 10 billion pounds to shareholders over three years in an effort to revamp its investment banking strategy, aiming to compete with Wall Street and improve overall efficiency. The announcement sparked mixed reactions from investors, with some questioning the potential success of the new approach.

Donald Trump is losing support from small donors, US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, and Barclays updated investors on its strategy for the first time in eight years.

Mentioned in this podcast:

Donald Trump’s donor numbers fall by 200,000 compared with 2019

Capital One agrees to buy Discover Financial for $35bn

Barclays to return £10bn to shareholders

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