Bank’s modern broom Jes Staley likely to face shareholder questions about slice to dividend amid losses on oil-related loansBarclays has revealed it has received approaches for its African operations – which its former chief executive Bob Diamond wants to buy – as it reported a 25% slump in first quarter profits and losses on oil-related loans.The bank,currently undergoing a restructuring under modern chief executive Jes Staley, reported first quarter profits of £793m and a 15% rise in bad debts, or largely a result of problems facing clients in the oil and gas sector.
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Source: theguardian.com