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Barclays PLC (BCS)

  • Jul. 30, 2013, 3:00 AM
  • Feb. 12, 2013, 2:58 AM
    More on Barclays (BCS) results and strategy review: Job cuts: 1,800 in Corporate & Investment Bank and 1,900 in Europe Retail and Business Banking. To lower cost base to £16.8B by 2015 from £18.5B. Targets ROE of above cost of equity in 2015, which is forecast to stay at current 11.5% level. "One-time" costs of implementing strategic plan will be £2.7B by 2015. Targets common equity tier 1 ratio of above 10.5% by 2015. Aims for dividend ratio of over 30% over time. (PR)
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Company Description
Barclays PLC is a financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth and investment management. It operates in Europe, the Americas, Africa and Asia.