Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

Barclays Reports 21% Fall In Pre-Tax Profits

Recommended Posts

http://www.bbc.co.uk/news/business-31705835

Barclays banking group, sponsor of football's Premier League, has reported a sharp fall in profits.

Statutory pre-tax profits fell 21% to £2.26bn for the year to 31 December 2014.

The group increased its provision to cover any fallout from a probe into currency market manipulation by £750m to £1.25bn.

But stripping out this and other provisions, profits rose 12% to £5.5bn, the bank said.

Boss Antony Jenkins was awarded a £1.1m bonus - his first as chief executive - pushing his total pay package to £5.5m for 2014.

But the bank reduced the overall pool of money allocated for bonuses by 22% to £1.86bn.

Provision for payment protection insurance (PPI) compensation was increased by £200m for the last three months of 2014, the bank said, taking the year's total to £1.1bn.

Clearly the banks need more QE, profits are falling.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   224 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.