"We are a commercial enterprise and must generate attractive returns for our shareholders," Mr Staley said in his note.
(If there are no losses on individual positions from time to time, odds are he isn't taking enough risk to generate attractive returns).
Chief executive Ian King said: "The group is well placed to continue to generate attractive returns for shareholders as defence budgets recover and our commercial adjacencies of cyber and commercial electronics continue to grow".
Bank of America is exploring a potential sale of its foreign wealth management unit, after the business has failed to generate attractive returns, a person briefed on the matter told DealBook on Tuesday.
JACK EWING SHEDDING ASSETS Bank of America is exploring a potential sale of its foreign wealth management unit, after the business failed to generate attractive returns, according to a person briefed on the matter.
Tom Lister, Permira's co-managing partner and a former partner of Forstmann Little Many in the private equity industry today talk about the importance of business transformation to generating attractive returns.
Woodford has emerged as one of the biggest investors in Masawara, a fund set up in June "for the purpose of acquiring interests primarily in Zimbabwe-based companies and projects in sectors such as agriculture, mining, telecommunications and real estate, which the directors believe represent investments that will generate attractive shareholder returns".
At Barclays the design of the non-core is somewhat different, with a focus on investment bank assets that are no longer strategic and/or do not generate attractive returns under the new regulatory paradigm, rather than running down non-performing loans.
"Our strong track record and continuing ability to both make and exit investments that generate attractive rates of return, regardless of economic cycle, is a testament to the firm's focus on building durable businesses that deliver value over the long term," Joseph P. Landy, Warburg Pincus's other co-president, said.
"We have demonstrated the power of the Lending Club marketplace model to generate attractive, risk adjusted returns to investors," he said in a statement.
