Barclays profit slides as trading blunder and deal slump bite via IrishTimesBiz
Barclays reported revenues from Fixed Income, Currencies and Commodities trading, its traditional strength, rose 65 per cent to £5.7 billion from the previous year, beating US rivals Morgan Stanley and Goldman Sachs which reported 20 per cent and 38 per cent year-on-year increases respectively in 2022.
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. Barclays’ results were further marred by £1.2 billion in credit impairment charges as Britain’s economy continued to slow.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Brexit has cost the UK economy £29bn, Bank of England official saysSlump in business investment since vote to leave EU has cost each household £1,000 in lost productivity
Read more »
Permanent TSB completes deal for Ulster Bank’s SME loan book after transfer of 3,200 accountsPurchase of Business Direct is part of a wider transaction which includes the transfer of €5.2 billion performing non-tracker residential mortgages
Read more »
PTSB completes acquisition of Ulster Bank’s €165m micro-SME loan bookDeal part of a broader transaction which included transfer of €5.2bn performing non-tracker residential mortgages
Read more »
Bank of Ireland brings in suite of new family policies for staffMeasures include introduction of 33 weeks paid leave for parents availing of maternity, surrogacy or adoptive leave
Read more »
Varadkar rejects survey claiming 10% of families use food banks“I would wonder about the scientific basis of that survey.” The Taoiseach has rejected a Barnardos survey showing that 10% of Irish families have used a food bank in the last year.
Read more »
Hundreds of millions of punts still being eaten by rats and snailsPricewatch: Some €350 million punts remain unaccounted for 21 years after the euro’s introduction but the Central Bank’s money rescuers are standing by to convert your old money
Read more »