Tuesday, 17 May 2022

Tag Archives: British bank

Barclays takes out insurance policy to meet target

LONDON: Lower revenue and higher costs led to a 15% first-half drop in underlying pre-tax profit. The bank’s UK division faces tough times and will be less likely to offset dour performances in trading. CEO Jes Staley is pledging more cost cuts to hit a 9% annual return target. CONTEXT ...

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