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Barclays to return £10bn to shareholders

Chief CS Venkatakrishnan sets out ambitious plan to boost revenue and revive bank’s depressed valuation
The plan is the first major strategy update at Barclays since 2016 and marks the biggest test yet for CS Venkatakrishnan

Barclays has pledged to return £10bn to shareholders over the next three years as part of an ambitious plan by chief executive CS Venkatakrishnan to boost revenues and rebalance the lender away from investment banking.

In a series of changes set out alongside the bank’s full-year earnings on Tuesday, Barclays also said it would shake up its corporate structure and top leadership, establishing five divisions under mostly new management.

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