Barclays unveils $670 million buyback22 Oct 2025 14:35
LONDON, Oct 22 (Reuters) - Barclays (BARC.L), opens new tab announced a surprise share buyback and upgraded a key profitability target for the year, as confidence in its income and cost-cutting progress outweighed fresh provisions and underperformance in its investment bank.
The British bank set aside another 235 million pounds to cover a motor finance mis-selling scandal and said it had taken a 110 million pound charge on the collapse of U.S. firm Tricolor, one of several bankruptcies that triggered wider concerns about banks' exposure to private credit markets.