Barclays says that a slump in trading at its investment bank and sluggish mortgage demand has sent its first quarter pre-tax profits tumbling 12% to £2.3billion.
1012 GMT - HSBC is among the most-mentioned companies across news items over the past 12 hours, according to Factiva data. The British lender is selling its business in Argentina to Grupo.
HSBC says it first quarter results will be hit by a $1billion (£790.1million) pre-tax loss following the £434.6million sale of its Argentinian bank to Grupo Financiero Galicia.
British banks head for a Basel win politico.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.eu Daily Mail and Mail on Sunday newspapers.