Profit Barclays’ Annual Net Profit Plummets to £4.27 Billion—What’s Next for the Bank?
London, England – Barclays, a prominent global financial institution, reported a 15% decrease in annual net profit, signaling a challenging year for the banking giant. The bank’s net attributable profit for the year totaled £4.27 billion, down from £5.023 billion in the previous year and below a consensus forecast of £4.59 billion. Despite the decline in profit, Barclays announced an additional share buyback of £1 billion and unveiled a new three-year plan aimed at enhancing …