On Wednesday, Fitch Ratings said it could downgrade the UK's AA debt rating based on growing uncertainty about UK-EU negotiations over the nation's economic block next month.
"(A) downgrading would not benefit the UK in any way. We believe the markets are pricing in a pretty negative story right now. So in general, let's see what's going on. It would be great to have this uncertainty But Barclays stands by, ready to help our small businesses, businesses and consumers, no matter what happens, says Staley.
Barclays, along with other European banks, has been under pressure due to the uncertainty surrounding Brexit. Recently also in the news after a report in the Financial Times stated that US hedge funds Tiger Global Management sold all its stake in Barclays.
The New York-based hedge fund was one of the top 1
According to Reuters, Bramson has previously called on Barclays to reduce the resources allocated to its investment entities.