Barclays Q3 profits top forecasts driven by strong UK performance
The banking giant reported third-quarter pre-tax profits of £2bn but increased bad debt provisions to £0.4bn to reflect the deteriorating economic outlook
Company
Barclays PLC
LON:BARC
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the USA, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs 147,000 people.
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FTSE 100 finishes in positive territory as dovish Bank of Canada hike kicks off risk rally
A stronger than expected start by US markets and a bellow forecast rise to interest rates by the Bank of Canada brought London's blue chip index to life late in the day with the lead index now up 26 points at 7,039.
Barclays investment bank under scrutiny again in choppy markets
Can Barclay's investment bank arm (Lehman Bros in effect) continue its recent good performance
Barclays hit with £50mln fine from FCA over failure to disclose arrangements in its 2008 funding deal
In 2020, three of its former bankers were cleared of fraud over their role in the investment
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FIVE at FIVE: Lloyds and Barclays buys says Shore, Amazon commits to £1bn EV investment, gilt yields jump, Evgen surges over 100%
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Barclays could face sizeable losses from Musk's Twitter deal
The shifting tides of the financial markets in recent weeks could lead to hundreds of millions of dollars of losses for the banks backing the deal
Lloyds Banking, Barclays, Natwest in favour at Credit Suisse despite market turmoil
But weaker-than-expected economic conditions remains an investment risk
Barclays agrees to nine-figure fine for 'staggering' structured products blunder
British bank will pay US$361mln to the US Securities and Exchange Commission
FTSE 100 closes a shade ahead as UK second quarter GDP soothes nerves, for now
Britain's blue-chip benchmark finished up 0.18% at 6,894, in Friday
Barclays and other banks hit with fines for using WhatsApp and not keeping records
Between 2018 and 2021, employees at the banks communicated about business matters using applications such as WhatsApp on their personal devices
Cap on City bankers' bonuses to be scrapped
Bankers' pay being deregulated at a time when households are struggling due to rising costs of living will provoke outrage in many quarters
Barclays not planning special divi after banking £538mln from South African sale
It banked a total of £538mln from placing the shares with institutional investors
Barclays offers most upside and Lloyds the least but broker sees value in banks
"We are more upbeat and believe banks are much better positioned to cope with the economic storm than the market is giving credit for," said analyst Gary Greenwood
£1bn fintech fund starts to recruit heavy-weight backers
The fund is the result of a government report aimed at tapping into £6trn of pension capital that could help fledgling fintech companies thrive
Barclays shares drop 4% after it guides for higher costs in 2022
An accounting error means Barclays will be forced to rescind billions of dollars of securities in the US market
Barclays shares are “grossly undervalued” says stockbroker
“There is currently 90% upside to our last published fair value of 300p," says ShoreCap, which yesterday also called Lloyd's 'mispriced'.
Barclays ups 2022 cost projections after pre-tax profits slide
Barclays' pre-tax profit fell 32% in the first half of the year, despite growth in income across its businesses
Barclays adds to crypto portfolio with stake in Copper
Digital asset investment platform counts former Chancellor Phillip Hammond as an advisor
Barclays set to make further provision after SEC breach
Barclays Bank Group PLC is expected to report a further charge in its H1 results following the recent disclosure of an SEC breach. The control failure forced the bank to restate its FY21 numbers by £200m and make provisions for Q122 of £320
Barclays hands customer-facing and junior workers £1,200 pay rise
It came just a couple of weeks after Lloyds handed a £1,000 bonus to most of its staff in August