bad debts

Barclays Warn Bad Debts Could Lead to Cuts

Due Diligence

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 bank

Barclays Sets Aside £3.7bn for Coronavirus Aid

Due Diligence

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…