Barclays CEO Jes Staley on Bank's Strategy

The transcript covers Barclays' strategic decisions, including selling a non-controlling position in Africa and cutting dividends to manage non-core business expenses. It addresses skepticism from investors and the challenges of the investment banking industry. The discussion also touches on the potential sale of Barclays Africa and the importance of maintaining shareholder support.

What was one of the strategic decisions made by Barclays in the first 100 days?

• Expanding into new markets in Asia

• Increasing their stake in European markets

• Selling a non-controlling position in Africa

• Acquiring a new investment bank

What is a challenge faced by the investment banking industry according to the transcript?

• Over-regulation by governments

• Lack of skilled professionals

• High competition from tech companies

• Inability to cover the cost of capital

Why did Barclays decide to cut its dividend?

• To fund the closure of non-core businesses

• To expand into new markets

• To increase shareholder income

• To comply with new regulations

What percentage return on equity did Barclays' core business generate last year?

• 11%

• 5%

• 15%

• 20%

What is the expected outcome for Barclays after the non-core business closures?

• A decrease in stock value

• An increase in dividend payments

• A reduction in market presence

• A significant capital raise

What is the strategic consideration for selling Barclays Africa?

• To merge with another African bank

• To completely exit the African market

• To focus solely on European markets

• To maintain some optionality in Africa

What is the role of the Board of Directors in the sale of Barclays Africa?

• They manage the day-to-day operations

• They only provide financial support

• They make the final decision on the sale

• They have no role in the decision