RBS ‘outperforming’ its restructuring plans says UBS as it ups price target
Analyst Jason Napier also thinks the lender is “on track in its pursuit of a 12% ROTE in 2020”
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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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Analyst Jason Napier also thinks the lender is “on track in its pursuit of a 12% ROTE in 2020”
The FTSE 100 finished 108 points lower at 7,390, about 13 points above its intra-day low
Lloyds, RBS and Barclays continue to be bogged down with the task of tidying up their past transgressions
Barclays said UK regulators are continuing their investigation into chief executive Jes Staley for trying to unmask a whistleblower and for Libor rigging
Despite the beating meted out to IMPs and BATs, the Footsie rallied in the last half hour to trim its heavy losses
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The bank has been charged with conspiracy to commit fraud over deals made with Qatar as part of its £12bn fundraising
The Prudential Regulatory Authority cautioned that lending for consumer credit – cars, personal finance and credit cards – had become too relaxed
A look a the biggest risers and fallers of London's small cap stocks
Barclays own brokerage said the Bank of England’s concerns on consumer credit were not particularly negative
It is in mortgage risks assessment that the most immediate impact may be felt
Laith Khalaf, senior analyst at Hargreaves Lansdown said: ‘Skeletons seem to be jumping out of lots of closets at once for Barclays”
The charges, which come after a five year investigation, arise in the context of Barclays' capital raisings in June and November 2008, at the height of the financial crisis
The pound has plummeted against the dollar on dovish remarks from Bank of England Governor Mark Carney
Banks, retailers, media and housebuilders are the biggest fallers on the FTSE 100 on the shock news of a hung parliament
HSBC expects a sharp sell-off in shares of RBS, Lloyds and Barclays if Labour wins the general election
Lloyds expects its takeover of credit card business MBNA will generate cost savings and bolster earnings and revenue
Barclays has sold a bigger than expected stake in its Africa unit, reducing its interest to its target of 15%
After a gloomy morning for the pound, it started to build some momentum. FTSE 100 finished at 7,543