By Steve Slater LONDON, April 27 (IFR) - Barclays' investment bank profits fell 31% in the first quarter from a year earlier as a strong performance in credit was offset by lower revenue in all other areas and losses on loans to oil and energy firms. The British bank said on Wednesday
Read more* In talks to sell French retail unit * Investment banking performance beats U.S. rivals * Bank being reshaped by new CEO Staley (Adds details following conference call, investor quote, shares) By Lawrence White LONDON, April 27 (Reuters) - Barclays followed its U.S. riv
Read more(ShareCast News) - Barclays has agreed to hold exclusive negotiations to dispose of its French retail banking and wealth businesses, according to European private equity group AnaCap Financial Partners. AnaCap said it has begun talks about a deal that would see Barclays continuing to operate its cor
Read more** Barclays jumps as much as 4.6% to its highest since Feb 2 ** Q1 revenue and profit before tax ahead of consensus ** On track to meet 2016 guidance for its core business of 12.8 bln stg, and longer-term target of a group cost to income ratio under 60% ** Citi calls results "so
Read more(ShareCast News) - London stocks were expected to open a little lower on Wednesday following a lacklustre session on Wall Street and losses in Asia, as investors digested disappointed earnings from tech giant Apple and looked to the Federal Reserve rate announcement. The FTSE 100 was seen starting s
Read more(ShareCast News) - Barclays reported a dip in profit in its first quarter on Wednesday, with group profit before tax at £793m in the three months to 31 March, down from £1.06bn a year earlier. The FTSE 100 banking group said this reflected an 18% increase in core profit before tax to £1.6bn, though
Read moreLONDON, April 27 (Reuters) - Barclays reported a worse than expected 33 percent slump in pretax profits for the first three months of the year, as the lender followed its U.S. peers in reporting falling investment banking revenues in a weak global market environment. Barclays said first qua
Read more* BoE's Cunliffe says investors should expect lower returns * Profit expectations have not dropped to match reduced risk * Banks need to cut costs or boost profit from investment banking (Adds detail from speech, context) By David Milliken LONDON, April 26 (Reuters) - In
Read more(Adds detail on emails shown in court) By Anjuli Davies and Kirstin Ridley LONDON, April 26 (Reuters) - Former Barclays executive Eric Bommensath told a London court on Tuesday that he was not aware of alleged attempts by traders at the British bank to manipulate the Libor global fina
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