Quality at a price for Barclays
Article Abstract:
Barclays is a UK bank which has focused on lending quality rather than volumes, since the appointment of Martin Taylor as chief executive. Staff numbers in UK retail banking fell by 500, but Barclays costs rose in that year due to investments in new systems. Customers may move elsewhere is obtaining a loan becomes more difficult. Earnings are likely to be depressed while the bad debt cycle is relaxed, though Barclays should perform well when bad debts again become a problem.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Barclays
Article Abstract:
Barclays Bank has seen a rise in operating expenses but has retrained staff, opens for longer hours and invested in Barclaycard. The bank has seen a rise in profit for its UK retail business and a recovery in large corporate lending, though investment banking has dropped by 50 million pounds sterling to 130 million pounds sterling in 1st half 1995. Disposals are being carried out in the US and a share buyback program is to be launched.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Barclays
Article Abstract:
Barclays has improved cost control and quality. Bad debt provisions have fallen to 446 million pounds sterling in 1995 compared with 589 million pounds for the previous year. BZW saw a rise in profit of 18% to 286 million pounds sterling for 1995, while pre-tax profit from Barclays UK retail banking operations were up by 1% in that year. Barclays may carry out a new share buy-back which would help steady the price of its shares.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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