Sherborne waves white flag after waging a three-year campaign against chief executive Jes Staley 7 May 2021 • 11:09am Barclays has seen off the threat from an American corporate raider who has finally ended his three-year battle against the bank by selling his entire stake. New York-based activist Ed Bramson, who runs Sherborne Investors, has sold his 6pc holding to pursue a "new investment opportunity" weeks after his own shareholders said they were losing patience with the activist's campaign against the bank. Mr Bramson wanted to shrink Barclays' investment banking arm and potentially split it off - setting the stage for a clash with Jes Staley, the chief executive, who fiercely resisted his efforts.