fromLondon Business News | Londonlovesbusiness.com
1 week agoBudget looms large as Reeves could look to banking sector to raise revenues - London Business News | Londonlovesbusiness.com
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.
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