by Amruth Sundarkumar | Jul 29, 2022 | Banks, Global
British lender Barclays reported a 42.8% YoY decline in consolidated net profits to £1.3bn ($1.5bn) for Q2 on higher operating expenses. Its total income rose 23.9% YoY to £6.7bn ($8.2bn) driven by Net fee, commission, and other income growth of 27.5% YoY to £4.3bn...
by Amruth Sundarkumar | Jul 26, 2022 | Banks, Global
Barclays has announced a buyback of up to $17.6bn of securities, after it accidentally sold more structured and exchange-traded notes than it had registered with the SEC. Bloomberg notes that this blunder requires the firm to not only repurchase more than 3,000 of the...
by Amruth Sundarkumar | Mar 29, 2022 | Banks
Barclays has delayed its planned share buyback after an expected £450mn ($591mn) arising out of an error while issuing securities. Barclays mistakenly issued ~$15bn more structured notes and exchange traded notes (ETNs) from the time it did a shelf registration for...
by Amruth Sundarkumar | Feb 25, 2022 | Banks
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)...
by Amruth Sundarkumar | Feb 16, 2022 | Financial News
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...
