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Barclays’ pre-tax profit climbs to £2.40 billion in the first quarter
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Barclays’ pre-tax profit climbs to £2.40 billion in the first

admin April 30, 2021
Barclays plc (LON BARC) said on Friday it performed better-than-expected in the first quarter as impairment charges posted a sharp decline. Barclays shares tanked just under 5% in premarket trading on Friday. Including the price action, the stock is now exchanging hands at 178 pence per share. In comparison, it had started the year at a per-share p...
Credit Suisse swings to loss in the first quarter due to Archegos scandal
Economy Europe Finance & banking Industries Services Stocks & shares World

Credit Suisse swings to loss in the first quarter due

admin April 22, 2021
Credit Suisse Group AG (ETR: CSX) said on Thursday its net loss in the first quarter came in at £198.40 million, attributed to a roughly £3.41 billion hit from the recent Archegos scandal that more than offset robust performance at its investment banking and wealth management segments. Credit Suisse shares closed the regular session about 1% up on ...
Saga plc pre-tax loss narrows to £61 million in fiscal 2021
Economy Europe Finance & banking Industries Services Stocks & shares UK World

Saga plc pre-tax loss narrows to £61 million in fiscal

admin April 7, 2021
Saga plc (LON: SAGA) said on Wednesday that its pre-tax loss narrowed significantly in fiscal 2021, attributed to lower costs. The announcement was particularly exciting as the ongoing COVID-19 crisis weighed heavily on the company’s revenue in the recent year. The Coronavirus pandemic has so far infected more than 4.3 million people in the United ...
Credit Suisse to take a £3.41 billion hit from Archegos scandal
Economy Europe Finance & banking Industries Stocks & shares World

Credit Suisse to take a £3.41 billion hit from Archegos

admin April 6, 2021
In an announcement on Tuesday, Credit Suisse Group AG (ETR: CSX) said it will take a hit worth £3.41 billion attributed to dealings with the New York investment fund, Archegos Capital Management. Credit Suisse opened at £8.04 per share on Tuesday and closed the regular session at £7.84 per share after touching an intraday low of £7.72 per share. In...

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