LONDON—Barclays PLC Chief Executive Jes Staley dismissed the need for any strategic changes after first-quarter net profit in its corporate and investment bank fell 28%. Activist Sherborne Investors is calling for Barclays to move capital away from the investment bank and shrink its markets business. Next week, shareholders will vote on a Sherborne proposal to appoint its chief, Edward Bramson, to the Barclays board to trigger a change in strategy.

Source: Wall Street Journal April 25, 2019 06:58 UTC