We’re looking closely at Barclays PLC, one of Britain’s major banks, and a recent earnings update that grabbed headlines. In the third quarter, Barclays reported a pre-tax profit of £2.1 billion, down about 7 % from the same period last year. The big reason? The bank raised its provision for compensation tied to old car-finance deals…
The FTSE 100 index fell sharply this week, dragged down by global banking fears. Banking stocks bore the brunt. Barclays shares slid over 5%, making it one of the worst hit on the London market. We want to explore what this dip means for Barclays. Is this a moment to take notice? Or a warning…
A Clear Shift Toward Rate Cuts Barclays, alongside BNP Paribas, has revised its forecast, now expecting the Federal Reserve to implement a 25-basis-point rate cut in September, followed by another in December this year. This represents an important pivot in monetary policy prompted by Fed Chair Jerome Powell’s remarks at the Jackson Hole symposium, where…
Barclays has just been slapped with a hefty $56.3 million fine. Regulators found major gaps in how the bank managed financial crime risks. This is not just a problem for Barclays; it sends a strong message to every bank in the UK. Stay compliant or pay the price. The fine was announced on July 16,…