After Morgan Stanley And JPMorgan, Barclays Is Also Looking To Break Up With Odey Asset Management: Report
Portfolio Pulse from Lekha Gupta
Barclays PLC (NYSE:BCS) is considering terminating its corporate banking relationship with Odey Asset Management due to sexual misconduct allegations against the hedge fund's founder. This follows similar actions by JPMorgan Chase & Co (NYSE:JPM) and Morgan Stanley (NYSE:MS). The Financial Conduct Authority (FCA) has not publicly commented on the situation but has been asked to explain its dealings with Odey at a Treasury select committee hearing later this month.
July 03, 2023 | 2:40 pm
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NEUTRAL IMPACT
Barclays is considering ending its relationship with Odey Asset Management due to sexual misconduct allegations against the hedge fund's founder. This could potentially impact the bank's reputation and client relationships.
While the termination of the relationship with Odey Asset Management could potentially impact Barclays' reputation and client relationships, it's unclear how this will affect the bank's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
JPMorgan has reviewed its ties with Odey Asset Management amid sexual assault allegations. This could potentially impact the bank's reputation and client relationships.
While the review of the relationship with Odey Asset Management could potentially impact JPMorgan's reputation and client relationships, it's unclear how this will affect the bank's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Morgan Stanley has reviewed its ties with Odey Asset Management amid sexual assault allegations. This could potentially impact the bank's reputation and client relationships.
While the review of the relationship with Odey Asset Management could potentially impact Morgan Stanley's reputation and client relationships, it's unclear how this will affect the bank's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50