Barclays is considering significant cost-cutting measures that could result in hefty charges later this year. Despite beating forecasts, the bank hinted at the need for cost cuts. Meanwhile, BNP Paribas posted weaker revenue from fixed-income trading, indicating underperformance compared to Wall Street banks. Barclays shares dropped by as much as 10% and lost $2.7 billion in market value after lowering its forecast for lending profitability. Additionally, Barclays plans to lay off dozens of US consumer bank employees.
BNP Paribas shares fall after trading revenues disappoint https://t.co/ROJqWMAfl8
BNP Paribas posts weaker revenue from fixed-income trading, adding to evidence that European banks underperformed their Wall Street counterparts in a period of lesser turbulence in markets https://t.co/wUeTWk22xA
BNP Paribas posts weaker revenue from fixed-income trading, adding to evidence that European banks underperformed their Wall Street counterparts in a period of lesser turbulence in markets https://t.co/UvSm9iav7k
Exclusive: Barclays to lay off dozens of US consumer bank employees - source https://t.co/nyRd6Avl89 https://t.co/S3HeQTnue9
Exclusive: Barclays to lay off dozens of US consumer bank employees - source https://t.co/5aHoe9mMcm https://t.co/UP4h8Rbxxe
Exclusive: Barclays to lay off dozens of US consumer bank employees - source https://t.co/2n7fPMMA0P https://t.co/rgc8DMTpeL
Barclays shares slide for second day https://t.co/CYJOqExDWu https://t.co/huKybsTiHh
Barclays shares slide for second day https://t.co/xYDvehwXDr https://t.co/XHNQ5j75Z1
Barclays shares slide for second day https://t.co/W9ekqSrW7z https://t.co/QqCknSZjMw
Barclays profits drop as trading and dealmaking slow https://t.co/otX7SYeMsJ
Barclays said it was evaluating significant action to cut costs, which could see it incur hefty charges later this year https://t.co/oLF1FUQpTD https://t.co/d2F77I37vh
Barclays shares tumbled Tuesday after it hinted it could do major cost cuts later this year https://t.co/0lYTu06Ddp https://t.co/tecPoWHt1g
Barclays beat forecasts and promptly hinted it was going to do big cost cuts anyway https://t.co/0lYTu06Ddp https://t.co/X7kXOMUfdZ
Barclays shares tumbled as it signaled pressures ahead, but there's good news on bonuses for British bankers https://t.co/5QxWDzWRpo
Barclays beat forecasts and promptly hinted it was going to do big cost cuts anyway https://t.co/oLF1FUQpTD https://t.co/1HbvIF6js4
Barclays shares drop as much as 10% and lose $2.7 billion in market value after it lowered its forecast for lending profitability https://t.co/YNE8GyHWdf
Barclays shares tumbled as it signaled pressures ahead, but there's good news on bonuses for British bankers https://t.co/gzsmoaQp0j
Barclays shares tumbled as it signaled pressures ahead, but there's good news on bonuses for British bankers https://t.co/uE9isKLoKz