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Barclays is a large London-based commercial bank, and it was founded in 1690 by two goldsmith bankers. In 1736 James Barclay was taken on as a partner, from whence the company takes its name. In addition to Barclays UK, the bank does business in many other countries through Barclays International. The bank is a large international credit card issuer and also offers a wide variety of retail, commercial, investment banking and securities services.[1]
In full-year 2020, the bank earned net income of £2.5 billion, down 27% from £3.4 billion in 2019. The decrease was largely due to an increase in credit impairment charges to £4.8 billion from £1.9 billion, mainly due to the COVID-19 pandemic. Revenue was basically flat at £21.8 billion, versus £21.6 billion in 2019.[2] The Barclays ticker symbol is BARC.
The two Chinese electric vehicle (EV) startups released solid deliveries for the second quarter of the year, while China was the biggest market last year
Against a backdrop of high inflation, tightening monetary environment and recession fears that has been detrimental to global stock markets, we take a look at some companies that will be…
Against a backdrop of high inflation, tightening monetary environment and recession fears that has been detrimental to global stock markets, we take a look at some companies that will be…
During the week of June 03-10, the Musk-Twitter saga, Uber’s CEO upbeat commentary, Amazon stock-split, EV maker NIO somewhat disappointing results, were some the news that stood out
An article has suggested Twitter will provide spam information to Elon Musk.
The tech giant hosts its 2022 Worldwide Developers Conference (WWDC) this week, having announced new products and features, including a Buy Now, Pay Later service for its Wallet
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