Barclays plans cost cuts, bumper buybacks in bid to boost shares cyprus-mail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cyprus-mail.com Daily Mail and Mail on Sunday newspapers.
Barclays laid out
plans and revised targets in an attempt to boost its appeal to
investors on Tuesday. Here is a summary of the Barclays strategy. REVISED.
Barclays laid out a
three-year plan to revive its flagging share price on Tuesday,
including axing 2 billion pounds of costs, returning 10 billion
pounds to shareholders and investing in.
Barclays unveiled a three-year plan to revive its share price, prioritizing profitable lending operations and reducing assets in the investment bank. The strategy update includes cost-cutting, job cuts, and a focus on the UK retail bank. Barclays aims for a return on tangible equity of over 12% by 2026.