Bank’s unique broom Jes Staley likely to face shareholder questions approximately cut to dividend amid losses on oil-related loansBarclays has revealed it has received approaches for its African operations – which its former chief executive Bob Diamond wants to buy as it reported a 25% slump in first-quarter profits and losses on oil-related loans.
The bank,currently undergoing a restructuring under its unique chief executive, Jes Staley, and reported first-quarter profits of £793m and a 15% rise in bad debts,largely a result of problems facing clients in the oil and gas sector. Related: Bob Diamond's interest in Barclays Africa confirmed Continue reading...
Source: theguardian.com