With Barclays' restructuring having flipped it back into the black in 2014, the bank's rise from the ashes is expected to roll on well into the future - expansion to the tune of 34% and 22% is pencilled in for 2015 and 2016 correspondingly.
NEW YORK Three former Barclays Plc traders facing U.K. charges that they conspired to manipulate Libor may pursue a U.S. lawsuit seeking to force the bank to keep paying their legal fees, a federal judge ruled on Wednesday.
Barclays plc (LON:BARC) remains biased to the downside with trade presently centred around the 257p area. From a technical perspective the 270p resistance area must be broken to the upside ahead of any notable recovery rally.
Barclays' non-core assets, which also include loans in continental Europe and assets held by its investment banking arm, had been cut to 57 billion pounds by the end of June, and the bank aims to reduce the total to about 20 billion by the end of 2017.