fintech / news / / City A.M.
Barclays set aside £823m for potential loan losses, up from £643m in the same period last year.
Barclays reserved £823m for bad loans, up from £643m last year, anticipating economic strain.
KEY POINTS
- Barclays investment bank posted a record £4bn in quarterly income for the first time.
- £228m of a £279m investment bank charge was due to a single corporate client exposure.
- Barclays' net interest margin rose to 4.83%, driven by higher structural hedge income and US Consumer Bank updates.
- Jefferies estimates Barclays' trading income was 3.5 times its traditional investment banking fees.
COMPANIES
Summarized by Newsio from City A.M.. How we summarize →