Barclays increases provisions for bad debt but underlying profits surge
The investment bank was the main engine of growth, with income surging 31%
Company
Barclays (ADR)
LON:BARC
Barclays is a global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management. It operates through branches, offices and subsidiaries in the United Kingdom and overseas.
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Barclays facing £1.5bn High Court claims from Amanda Staveley
“We believe the claim is misconceived and without merit and Barclays will be vigorously defending it,” the bank says
Barclays has arranged over £7bn of business lending amid coronavirus uncertainty
Comments at today's AGM follows scrutiny over the bank's handling of 'Bounce Back' online loan applications yesterday.
Landlords ‘stuffed’ as Barclays boss casts shadow over office outlook
“The notion of putting 7,000 people in a building may be a thing of the past,” says Jes Staley
Barclays profits hit by coronavirus charges as investment bank enjoys record quarter
Currently, more than 6mln customers and clients are paying no charges for personal overdrafts or business banking due to the government’s pandemic measures
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FTSE 100 posts triple digit gain as traders eye Fed statement
Britain's premier share index made a triple-digit gain to finish up over 156 points at 6,115
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Banks and big pharma key company news for Wednesday, US GDP eyed
The mid-point of the week will bring updates from Barclays, Lloyds, GSK, AstraZeneca and retailer Next
It's Barclays-lite as Rich Ricci joins Bob Diamond at Panmure Gordon
Ricci will be joined by Richard Morecombe, new president and executive director, after the acquisition of Whitman Howard
Barclays pressured by activist to sack boss over ties with Jeffrey Epstein
Ed Bramson, owner of Sherborne Investors which holds 5.51% of the bank, said Jes Staley should not be re-elected in May
Former top Barclays executives cleared of fraud charges
The allegations were linked to funds the bank raised from Qatar during the financial crisis in 2008
Timeline of Jes Staley before and during his time as Barclays CEO
A look back at the Barclays boss and his connection with disgraced financier Jeffrey Epstein
Barclays boss Staley “may be running out of lives” amid Epstein probe
City regulators are examining CEO Jes Staley's explanations about his relationship with billionaire sex trafficker Jeffery Epstein
Barclays says FCA investigating CEO Staley over Epstein links
The news came as the UK bank announced its final 2019 results, showing a profit before tax of £4.4bn
Barclays to be first big British bank to report since Brexit
Thursday brings results from Barclays and British Gas owner Centrica.
UK high street lenders pass BoE stress tests only if they slash dividends
Nationwide was the strongest performer in the latest round of tests, while Barclays came in last place as a result of risks connected to its credit card business
Barclays sets aside another £1.4bn for PPI; outlook for 2020 "more challenging"
Litigation and conduct charges have put a £1.68bn dent in year-to-date profits but that's an improvement on last year's £2.15bn
PPI still lingers over Britain’s banks ahead of Q3 results period
Analysts at Deutsche Bank said they will be keeping a close eye on the fallout from the misselling scandal, which has already cost some banks billions in compensation claims
Who's next on the FTSE chopping block?
Proactive speaks to market analysts about the bosses going down the recent FTSE slide
Barclays joins Lloyds, RBS and CYBG in announcing big hit from last-minute surge in PPI claims
Barclays still expects to meet its capital ratio target, implying that it has enough cash for the rest of the year to cover the cost of foreseeable dividends, according to Shore Capital.
Lloyds and RBS shares rise as PPI deadline nears
The banks will be glad to see the back of a scandal that is estimated to have cost them £40bn