Barclays, a major bank, has signaled significant cost cuts as margin pressure mounts. The bank's third-quarter profit narrowly beat forecasts, driven by strong performance in its US credit cards business. However, Barclays warned of fourth-quarter cost-cutting charges due to intensifying margin pressure. The bank's shares tumbled following the announcement. Barclays said it was evaluating significant action to cut costs, which could result in hefty charges later this year.
Visa posted a fiscal fourth-quarter profit that beat Wall Street estimates as consumer card spending climbed https://t.co/HWbIultO8G
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
Visa posted a fiscal fourth-quarter profit that beat Wall Street estimates as consumer card spending climbed https://t.co/uZ4hRh9s5B
Barclays shares tumbled Tuesday after it hinted it could do major cost cuts later this year https://t.co/oLF1FUQpTD https://t.co/QtOY9SL3lx
Barclays said it was evaluating significant action to cut costs, which could see it incur hefty charges later this year https://t.co/0lYTu07b2X https://t.co/GZquimnuHr
Barclays signals major cost cuts as margin pressure mounts https://t.co/sRKLT4rnLf https://t.co/iNB5rap7t8
⚠️BREAKING: *BARCLAYS DOWN 6.5% AFTER WARNING OF FOURTH-QUARTER COST-CUTTING CHARGES AS MARGIN PRESSURE INTENSIFIES https://t.co/NeACQh3tl3 👈 🇬🇧🇬🇧 https://t.co/paLpggsL9D
Barclays hints at big cost cuts even as third-quarter profit pips forecasts https://t.co/QRBWn6ZBf9 https://t.co/fT7Cxeivsh
Barclays third-quarter profit pips forecasts on US credit cards business https://t.co/sZI66hhmsT https://t.co/cPeex6jVic
Barclays misses estimates at its investment bank and lowers guidance for its UK lender for the second consecutive quarter https://t.co/XCwEqUnrKO
Barclays narrowly beats profit forecasts on strong consumer, credit card business https://t.co/Dv7KfjA2I8
⚠️ BARCLAYS THIRD-QUARTER PROFIT NARROWLY BEATS FORECASTS Full Story → https://t.co/oCybCZT57M