Barclays: Retail buyers likely drove the latest leg of the rally
Investing.com -- Barclays (LON:BARC) CEO, Venkatkrishnan, recently shared his views on various topics including the competition from private credit, the impact of Brexit on the UK, and the status of Barclays’ relationship with the US.
In an interview at a Bloomberg forum on April 22, Venkatkrishnan described the competition from private credit as a "fair fight". This statement indicates that Barclays views this competition as a healthy part of the banking landscape.
Venkatkrishnan also identified growth as the UK’s biggest problem. While he did not elaborate further on this point, it suggests that the CEO sees significant challenges for the UK’s economic expansion in the future.
In the same interview, the Barclays CEO stated that Brexit has, in the long-run, damaged the UK. This comment reflects his view on the economic repercussions of the UK’s decision to leave the European Union.
In terms of international relations, Venkatkrishnan affirmed that Barclays’ relationship with the US is "very strong". This statement indicates a positive connection between the British bank and the US.
In a final note on currency matters, the CEO stated that the US dollar is "absolutely" to remain the reserve currency. This affirmation supports the continued dominance of the US dollar in global finance.
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