Barclays Activist Turns Up the Heat

The video discusses the conflict between Barclays CEO Jess Staley and an activist investor, Branson, who seeks changes in the bank's strategy. Staley is resistant to altering the investment bank's core role, while Branson wants reduced leverage and a more conservative approach. The video also covers Branson's ambition for a board seat and the potential influence of a new chairman. Staley's strategy faces challenges, especially with Brexit looming, and the video concludes with a discussion on risks and future outlook.

What is the significance of the new chairman in the context of Barclays' management?

What impact might Brexit have on Barclays according to the discussion?