London | Barclays is exploring a plan to drop thousands of clients at its investment bank as part of a strategic overhaul that is meant to boost profits and cut 1 billion ($1.9 billion) of costs.
Barclays executives have met several times this year to thrash out the restructuring, codenamed Minerva after the Roman goddess of wisdom, according to people briefed on the discussions.
Barclayss Canary Wharf, London, headquarters. The CEO is under pressure to reduce Barclays reliance on investment banking and return more capital to investors. Bloomberg
Chief executive CS Venkatakrishnan is under pressure to reduce Barclays reliance on investment banking and return more capital to investo…
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