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Barclays 3Q profit rises following restructuring – Business Insider

LONDON (AP) Barclays says third-quarter earnings rose 32
percent as the London-based bank reported its first results since
completing a post-financial crisis restructuring.

Pre-tax profit increased to 1.11 billion pounds ($1.47 billion)
from 837 million pounds. The bank, which shed riskier assets and
sold its African business to focus on Britain and North America,
said Thursday that net income rose 41 percent to 583 million
pounds.

Chief Executive Jes Staley says the quarter “was particularly
significant for Barclays as it was the first for many years in
which we have not been in some state of restructuring.”

Pre-tax profit at Barclays’ international unit f…

Read the full article at: http://uk.businessinsider.com/ap-barclays-3q-profit-rises-following-restructuring-2017-10

Category: RestructuringBy Insolvency Advisory AccountantsOctober 27, 2017

Post navigation

PreviousPrevious post:UPDATE 3-Deutsche Bank revenue drops amid weak markets and restructuring – Business InsiderNextNext post:Sears liquidation puts pressure on feds to protect workers’ pensions – Sudbury.com

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Barclays 3Q profit rises following restructuring – Business Insider

LONDON (AP) Barclays says third-quarter earnings rose 32
percent as the London-based bank reported its first results since
completing a post-financial crisis restructuring.

Pre-tax profit increased to 1.11 billion pounds ($1.47 billion)
from 837 million pounds. The bank, which shed riskier assets and
sold its African business to focus on Britain and North America,
said Thursday that net income rose 41 percent to 583 million
pounds.

Chief Executive Jes Staley says the quarter “was particularly
significant for Barclays as it was the first for many years in
which we have not been in some state of restructuring.”

Pre-tax profit at Barclays’ international unit f…

Read the full article at: http://www.businessinsider.com/ap-barclays-3q-profit-rises-following-restructuring-2017-10

Category: RestructuringBy Insolvency Advisory AccountantsOctober 26, 2017

Post navigation

PreviousPrevious post:Can employers help solve the student debt problem? – HR DiveNextNext post:Opinion | Gambling and family abuse terrible twins – Newcastle Herald

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Local small businesses look to restructuring for ATO debt solution – InDaily
July 17, 2024
Cash flow analysis key to small business restructuring – AccountantsDaily
July 17, 2024
Small Business Restructuring Specialists – William Buck
July 17, 2024
Local small businesses look to restructuring for ATO debt solution – InDaily
July 17, 2024
Cash flow analysis key to small business restructuring – AccountantsDaily
July 17, 2024
SK Ecoplant to merge tech unit for group restructuring – Korea Economic Daily
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