#barclays

#barclays

Barclays has revealed a £110 million loss tied to the collapse of Tricolor, a US subprime auto lender accused of fraud - an event now seen as a major warning sign for the $3 trillion private credit market. The bank confirmed the impairment in its third-quarter results, which otherwise met expectations, showing pre-tax profits of £2.1 billion - down 7% year-on-year but broadly in line with analyst forecasts.

Over halfway through: In its H1 results in June Barclays highlighted the midpoint of its 3-year revamp and noted it had achieved over half (£17bn) of the c.£30bn planned UK risk weighted assets (RWAs) growth, half of the target income growth and realised two-thirds of the £2bn planned gross cost efficiency savings. Group income of £14.9bn was up 12% year-on-year, with group net interest income (NII) up 13% to £6.1bn.

Barclays sponsors big sporting events to cover its accountability in funding the war. I think Barclays has had a lot of reputational damage because it's complicit in Israel's genocide in Palestine.

Raimo Lenschow from Barclays has a Buy rating on Sprout Social with a target price of $26.00, suggesting growth potential from its current share price.

Finding a partner to support us in transforming our payment acceptance business... demonstrates clear execution of our three-year plan to become a simpler, better and more balanced bank.