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Barclays Warn Bad Debts Could Lead to Cuts

Due DiligenceBy SulemanBaig October 27, 2020

Barclays have warned that they face making cost cuts as a direct result of the economic impact of the Coronavirus pandemic as their bad debt provisions are pushed to £4.3 billion. The bank beat profit forecasts for the third quarter of 2020 however have put aside a further £608 million to help cover a potential…

Barclays Sets Aside £3.7bn for Coronavirus Aid

Due DiligenceBy SulemanBaig July 30, 2020

Major bank Barclays have revealed the true extent of how coronavirus has impacted their business. The bank revealed that they set aside £3.7 billion in the first half of the year in order to cover loan losses as the pandemic impacted customers and businesses across the country. Barclay’s diversified its business model as a key…

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