Barclays CEO Jes Staley says in a Bloomberg Television interview with Erik Schatzker that the bank didn’t see stress in funding during market volatility.

He says:

- No agreed-upon sales of non-core assets had clauses that would cancel them because of Brexit.

- Stock decline prompted by earnings concerns, not capital or liquidity questions.

- While London investment bank and U.K. retail unit face revenue pressure, lender will see a benefit in international revenue from drop in pound.

- About 60% of investment bank’s revenue comes from U.S. and 50% of credit-card revenue generated in Germany and U.S.

- The strategy we have for Barclays as a Trans-Atlantic consumer corporate and investment bank is precisely to be large and diversified so that when we face a challenge in a particular market or sector we have the diversification to be resilient.

- The likelihood of an economic slowdown in the UK is much higher today than it was last week.

- Barclays can’t let Brexit change its strategy, still plan to sell down non-core assets and Africa unit stake.

bloomberg.com

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