Buzz Barclays February 10, 2012
Barclays slashes bonus pool after 2011 profit fall LONDON (AP) — Barclays PLC revealed Friday that it is slashing its bonus pool after earnings at its investment banking division fell sharply and dented overall profitability. Bonuses are a highly sensitive political issue in Britain, particularly at Royal Bank of Scotland and Lloyds Banking Group which were bailed out by taxpayers. Barclays said...
10/02/2012
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In the media
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Reuters UK —
JOHANNESBURG, Feb 10 - Absa, the South African bank majority owned by Barclays Plc, posted an expected 21 percent rise in full-year profit on Friday, boosted by strong income from fees and a decline in bad debts.
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Business Week —
EHi Car Rental, a vehicle-sharing network in China part-owned by Goldman Sachs Group Inc., hired Deutsche Bank AG and Barclays Plc for its U.S. initial public offering, said two people with knowledge of the plan.
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Market Watch —
MADRID (MarketWatch) -- European stock markets opened lower on Friday, after euro-zone finance ministers held off on approving a fresh tranche of aid for Greece late the prior day. Banks led the Stoxx Europe 600 index down 0.6% to 261.97. Shares of Barclays PLC fell over 2% after it reported a fall in full-year profit. The French CAC 40 index fell 0.7% to 3,402.33, while the German DAX 30 index...
10/02/2012 -
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Market Watch —
MADRID (MarketWatch) -- U.K. banking group Barclays PLC on Friday reported said profit fell amid "challenging economic and market conditions," and slashed its bonus pool. Full-year net attributable profit fell to 3 billion pounds ($4.75 billion) against a profit of GBP3.56 billion in 2010. Net interest income fell to GBP12.2 billion against GBP12.52 billion. The company said it's increasing its...
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