Revised Group Financial Targets and Outlook:
Returns: targeting RoTE of greater than 10% in 2024 and c.10.5% excluding inorganic activity, with a greater than 12% target in 2026
Capital returns: plan to return at
Nazia Lawrence, a vice president at Barclays, has taken legal action against the bank, alleging that she was denied a promotion due to racial, religious, and gender discrimination.
Barclays eyes notable adjustment in energy financing, ceasing direct funding for fresh oil and gas fields. Delve into the Transition Finance Framework and its effects on fossil fuel funding. In response to climate activism, Barclays establishes ambitious goals to curb fossil fuel lending by 2025, emphasizing the Transition Finance Framework's role in shaping energy finance.
The CEOs, who were in Davos for the World Economic Forum, expressed concerns about the competitive threat posed by fintech companies and private lenders, as well as the burden of regulatory requirements.
Amid concerns over X's flailing business, Elon Musk has reportedly been in discussions with bankers who financed his takeover of the social media platform, offering reassurances about their investment.