Barclays on Thursday said net profit slid 13 per cent in the first quarter, as warning lights flashed over weaker mortgage lending and sliding customer deposits. Profit after tax dropped to £1.6 billion in the first three months of 2024,…
Barclays on Thursday reported first-quarter net income of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.
Barclays says that a slump in trading at its investment bank and sluggish mortgage demand has sent its first quarter pre-tax profits tumbling 12% to £2.3billion.
Barclays on Thursday said net profit slid 13 per cent in the first quarter, as warning lights flashed over weaker… Continue reading Barclays logs lower profit as mortgage lending weakens
Nationwide Building Society, Barclays and Lloyds Bank made the biggest gains through customers using the Current Account Switch Service in the final quarter of 2023, industry figures indicate.
Barclays posted a 13% drop in its first quarter profits as lower fee income and a drop in the value of its loans and deposits caused its income to slump
Nationwide Building Society, Barclays, and Lloyds Bank emerged as the top choices for customers switching their current accounts at the end of 2023, with Nationwide leading the pack, according to the latest figures from the Current Account…
The high street banking giant reported a group pre-tax profit of £2.3 billion for the first three months of the year, down 12% from the £2.6 billion reported this time last year