Barclays Targets Technology With Venture Capital-style Business

Barclays Targets Technology With Venture Capital-style Business

LONDON - Barclays (BARC.L) said it has set up a venture capital-style unit to drive innovation and returns within its UK business. The British bank

Netflix Subscriber Growth Beats On Strong Original Content
Israeli Agency Investigating Apple Over Handling Of Iphone Slowdown
Mapping Startup Mapbox Hires Head Of Product From Google

LONDON – Barclays (BARC.L) said it has set up a venture capital-style unit to drive innovation and returns within its UK business.

The British bank has struggled to deliver on its growth strategy after a decade of restructuring, with investment banking at the core of Chief Executive Jes Staley’s plan for higher returns, despite an underwhelming performance.

Barclays UK Ventures, which will be led by former head of group strategy Ben Davey, will focus on developing new business lines, promoting innovation and driving returns.

COMMENTS

WORDPRESS: 0
DISQUS: