U-turn and profits dip add up to tricky sell for Barclays
TheGuardian
FEBRUARY 17, 2024
With rivals HSBC and Lloyds set to announce healthy earnings, it will to be a tough week for the bank’s boss Barclays chief executive CS Venkatakrishnan has a tough act to follow. Just days after rival NatWest revealed its biggest profit since the onset of the financial crisis in 2007, the Barclays boss will be delivering much less cheering news: cost cuts, job losses and restructuring plans are all expected to feature in the bank’s first major strategy update in a decade.
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