U.S. investment banks, many of which have reduced headcount in the face of shrinking profits, have found new opportunities in an unusual place, the growth in shareholder activism.Goldman Sachs Group Inc has long been the go-to firm for companies defending against activists ever since the days when they were called corporate raiders.But over the past few years, big banks like Credit Suisse and Barclays Plc as well as investment bank Houlihan Lokey, which focuses on the middle market, have formed practices offering the services.The banks help companies with everything from writing press releases to analyzing the costs of a breakup or countering activists' demands, bankers said. They are also aid companies in identifying where they could be vulnerable, even before activist investors show up on their doorsteps.
Barclays PLC (Barclays) is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. Shares of BCS fell by 0.86% or $-0.16/share to $18.50. In the past year, the shares have traded as low as $9.23 and as high as $20.60. On average, 3192190 shares of BCS exchange hands on a given day and today's volume is recorded at 1337049.
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