An activist investor that had been seeking to oust the boss of Barclays has eased its pressure on the bank’s chief executive, for the time being.
Sherborne Investors, led by Edward Bramson, said in a letter to other Barclays shareholders yesterday that it would merely withhold its vote against the re-election of Jes Staley at the bank’s annual shareholder meeting next month.
The activist had said previously that it would oppose Mr Staley’s reappointment because of his past professional links with Jeffrey Epstein, the convicted sex offender, which have caused a furore.
Mr Bramson, 69, has been trying to shake up the lender for two years.
Barclays is one of Britain’s biggest banks, generating pre-tax profits of £6.2 billion last year. Sherborne first revealed that