Listen: Nigel Higgins, Barclays, Marcus discussed on FT Banking Weekly
"Take a shot data themself. That's fine with us. Anything would say is the ending given a chance to do that. We're expecting to see results some of the numbers that we see not encouraging. And so we'll give it a quarter or two and see what happens we have a really wanted to make a point. But while this has been going on stocks down from two six two one six and the investment Bank might be part of it. But the only thing we're interested in is finally getting the value that's in Barclays beliefs. And the current strategy hasn't done it strategies the chain and the investment banks probably part of that. What do you say to those provided enough of a detailed of stress? If we were on the board of directors. We give them as much information as they need. I don't think that a public is place to talk about de sales strategy, but we talked to participate and they've got an opportunity to go fix it. So I think. So where does that leave everything David is Barclays off the hook or only a short short-lived reprieve for Nigel Higgins and just daily the chief executive, well, it's kind of hard to overstate the feeling of triumph inside Barclays at the moment. They really are incredibly confident he won fewer votes than even the most pessimistic predictions. However, Mr. Bramson thinks that this is sort of temporary problem for him. And it all centers on the fact that Nigel Higgins made a personal plea to other shareholders, the went down very, well, which was basically give me a shot to fix it. I Mr. Bramson very negative on Mr. Higgins's chances of managing to fix it. And so thinks a couple of quarters let it die down that needs to Higgins fail. If you like and then he'll be back with a vengeance. And I guess a share price move up all down will be a pretty strong. Oxy for who's winning on this? We'll keep it closely under review. Thanks very much at David. But I'm going to stay with you for our second topic. I look at Goldman Sachs where we carried a story on Monday up fat, the banks Marcus online savings Bank product in the UK. Obviously also exists in the US as well. And there have been delays to the rollout plan of Marcus in Europe. Yes. So the F T understood that Marcus would be launching in Germany this year and not has been delayed where told there are two primary reasons the first is the delay to Brexit. So Goldman is setting up a new entity in Germany, so that it can continue to service clients in euro-zone off the Brexit, and it had planned to take deposits through its Marcus brand in Germany in part to fund that entity.."