Bank announces drop in profits to £6.6bn as it says it plans to return more to shareholdersBusiness live – latest updatesBarclays is to cut £2bn in costs, raising fears of further job losses as the lender shrinks its investment bank in a corporate shake-up intended to increase shareholder payouts by £10bn within three years.Barclays released figures on Tuesday showing that pre-tax profits for 2023 fell to £6.6bn, down 6% from £7bn a year earlier and slightly lower than analyst forecasts for £6.7bn. Continue reading…
