Barclays reported a 14% fall in annual profits, as costs from an administrative blunder that saw it oversell securities in the United States compounded a collapse in deal fees earned by its investment bank.
Barclays paid an annual dividend of 7.25 pence per share, in line with forecasts, and also announced a fresh share buyback of 500 million pounds to bring the total for 2022 to 1 billion pounds.
Barclays posted litigation and conduct charges for the year of 1.6 billion pounds, including fines and restitution to customers from overstepping agreed limits on sales of investment products in the United States.by a combined 1 million pounds to reflect the regulatory misteps. Barclays' results were further marred by 1.2 billion pounds in credit impairment charges as Britain's economy continued to slow.
Barclays is the first big British bank to report its annual earnings this week, with analysts and investors likely to focus more on the bank's forward-looking guidance about the outlook for this year, than on its performance in 2022. The lender said it would achieve its goal of making a more than 10% return on tangible equity next year, having previously described this as a 'medium term' goal.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
GOP targets drag shows with new bills in at least 14 statesRepublicans at the state level have introduced at least 25 bills taking aim at drag events — an escalation of a wider conservative backlash to LGBTQ rights. These drag queens refuse to “be pushed back into the closet.”
Weiterlesen »
As red states target Black history lessons, blue states embrace themEven as lessons on Black history draw complaints from Republican governors, who argue the instruction is ideological, several blue states are moving in the opposite direction and setting up a uniquely American division over how we teach our past.
Weiterlesen »
United States tells citizens: Leave Russia immediatelyMOSCOW (Reuters) -The United States has told its citizens to leave Russia immediately due to the war in Ukraine and the risk of arbitrary arrest or harassment by Russian law enforcement agencies. 'U.S. citizens residing or travelling in Russia should depart immediately,' the U.S. embassy in Moscow said. 'Do not travel to Russia,' it added.
Weiterlesen »
There’s Never Been a Better Time to Eat Hokkaido Food in the United StatesSoup curry in New York, Hokkaido-style ramen in Boston and Chicago, 'flirtatiously sweet' soft serve in Seattle—We simply can't get enough.
Weiterlesen »
United States shoots down fourth 'unidentified object,' assumed to be another Chinese Spy Balloon -The U.S. military shot down another unidentified flying object over Lake Huron in Michigan on Sunday – the third in three days and the fourth overall after also taking down a Chinese spy balloon off the South Carolina coast on Feb. 4. The ‘unidentified aerial object,’ is assumed to be yet another Chinese Spy Balloon, and Monday morning, the NSC...
Weiterlesen »
United States tells citizens: Leave Russia immediatelyThe United States has told its citizens to leave Russia immediately due to the war in Ukraine and the risk of ‘wrongful detentions.' The last such public warning came after Russian President Vladimir Putin ordered a partial mobilization
Weiterlesen »