Lloyds Bank, Barclays Report Results
Lloyds Bank reported reported lower than expected profit in Q4 2021 with one-time charges hitting its earnings. Profit before tax rose 22% YoY to £968mn ($1.3bn) below analyst expectations of £1.4bn ($1.9bn). This was impacted by restructuring costs of £570mn ($764mn)...
Barclays, HSBC, BNP and Others Lose Millions on Covis Pharma Debt Financing
Large banks led by Barclays, including HSBC, BNP Paribas, Mizuho Financial, Mitsubishi UFJ, RBC have lost millions of their own money in addition to wiping out fees from underwriting more than $1.2bn of bonds and loans for Covis Pharmaceuticals. According to Bloomberg...
Barclays Reports 2.4x Jump in Q3 Profits
Barclays reported Q3 attributable profits of £1.45bn ($2.4bn) beating expectations of £931.25mn ($1.3bn), and up 2.4x from the same period last year. Revenue rose 5% YoY to £5.47bn ($7.6bn). Profits were helped by a significant release in new loan-loss provisions that...
