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Barclays (BCS): 2012 pretax profit £246M vs £5.9B in 2011, hurt by massive charges...

Barclays (BCS): 2012 pretax profit £246M vs £5.9B in 2011, hurt by massive charges for compensating customers for mis-sold products, and loss of value of own debt. Adjusted pretax profit +26% to £7.05B, in line. To cut 3,700 jobs out of 140K as part of plan to slash £1.7B in annual costs and improve standards. To take £500M in restructuring charges in Q1. (PR)
Comments (2)
  • deleveraging process continues another 3700 jobs, part of that elusive jobs recovery Bernanke still chasing
    12 Feb 2013, 07:45 AM Reply Like
  • Barclays is a bank riddled with rot and greed to the core and it is quite offensive that they believe they will get their good reputation back in a year that took a hundred years to gain.
    12 Feb 2013, 01:13 PM Reply Like
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