Barclays beats expectations in the first quarter as loan impairment charges slide

Barclays on Friday reported first-quarter net profit of £1.7 billion ($2.37 billion), helped by a fall in loan impairment charges. The British bank said these charges had fallen “significantly” in the first three months of the year to £55 million — down from £2.1 billion in the first quarter of 2020. Analysts had expected net… Continue reading Barclays beats expectations in the first quarter as loan impairment charges slide

Sanctioned Putin associate ‘laundered millions’ through Barclays

One of Vladimir Putin’s closest friends may have used Barclays Bank in London to launder money and dodge sanctions, leaked documents suggest. Billionaire Arkady Rotenberg has known the Russian president since childhood. Financial restrictions, or sanctions, were imposed on Mr Rotenberg by the US and the EU in 2014, which means Western banks could face serious consequences… Continue reading Sanctioned Putin associate ‘laundered millions’ through Barclays