UK's FCA To Fine Barclays Ex-CEO James Staley GBP 1.8 Mln Over Jeffrey Epstein Scandal

Barclays Posts Q4 Loss, Plans GBP 2 Bln Cost Actions, To Return GBP 10 Bln; Stock Up

Shares of Barclays Plc were gaining more than 6 percent on London stock exchange as well as around 8 percent in pre-market activity on the NYSE after the British lender announced a new 2 billion pounds, three-year cost efficiency savings plan, as well as its plan to return 10 billion pounds of capital to shareholders. Meanwhile, the company reported sharply lower pre-tax profit in its fourth quart

RTTNews | 622 ngày trước

Barclays Plans To Cut $1.25 Bln Costs, Up To 2,000 Jobs

British banking major Barclays Plc. is planning to cut costs by as much as 1 billion pounds or $1.25 billion over several years through various measures including up to 2,000 job cuts, Reuters reported citing people with knowledge of the matter. The planned job cuts mainly would be in the British bank's back office. The proposed move likely reflects the bank's aim to bolster its profitability.

RTTNews | 710 ngày trước

Barclays Stock Down On Weak Q4, FY22 Profits

Shares of Barclays Plc were losing around 9 percent in the early morning trading in London as well as in pre-market activity on the NYSE after the British banking major reported Wednesday lower profit in its fourth quarter and fiscal 2022 on charges. However, income and net interest income improved as weakness in Corporate and Investment Bank segment was offset by strong growth in Consumer, Cards.

RTTNews | 992 ngày trước

DAX Rises Over 1% As Banks, Auto Stocks Rally

The German market is up firmly in positive territory on Monday, led by gains in automobile and banking sectors. The undertone remains firm with investors continuing to assess recent earnings announcements, and looking ahead to a fresh batch of economic data from the region and the U.S.

RTTNews | 1h 30phút trước