RBS to axe more branches, outpacing Lloyds, HSBC and Barclays with closures
RBS, Lloyds, Barclays and HSBC have been shutting branches as an increasing number of customers switch to online banking
Company
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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RBS, Lloyds, Barclays and HSBC have been shutting branches as an increasing number of customers switch to online banking
A look at some of the biggest risers and fallers on the London market this Tuesday
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"RBS has been the worst performing UK domestic bank stock year-to-date," HSBC said
RBS came joint last with Clydesdale Bank while Lloyds was ranked the same as TSB, which was hit by an IT crisis in April
Barclays believes BAT is well placed to exploit a new era of competitive disruption in the industry heralded by innovations such as e-cigarettes
Bramson’s investment vehicle Sherborne, which owns a 5.4% stake in Barclays, has started talks with Barclays
Lloyds and HSBC have come out on top in dividend payouts with a projected 2018 yield of 5.4% for the two lenders
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Barclays hiked its interim dividend to 2.5p from 1.0p last year.
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FTSE 100 lost almost 77 points to close the day at 7,575, while FTSE 250 was also down, off over 252 points at 20,548
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The bank said that discounters had been a “key source of Morrisons’ switching losses ... over recent years”, but added that Aldi store openings had slowed sharply in the first half of 2018