Barclays (US.BCS) beats expectations but suspends buybacks after U.S. trading blunder - 28 aprilie 2022

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Barclays said last month that it had sold $15.2 billion more in U.S. investment products — known as “structured notes” — than it was permitted to. 

The bank said Thursday that it had postponed its share buyback program indefinitely and set aside a provision of £540 million as a result of the issue. It comes as the bank reported first-quarter net profit attributable to shareholders of £1.4 billion ($1.76 billion), above analyst expectations of £644 million, according to Refinitiv data.It marks an 18% decline from the first quarter of 2021, when net profit came in at £1.7 billion.


https://www.cnbc.com/2022/04/28/barclays-q1-2022-results-.html

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