Barclays announces share buyback and dividends but outlook remains uncertain
Pandemic continues to hurt the bank’s lending businesses, an impact Barclays said was likely to endure in 2021
18 February 2021 - 18:05
London — A strong end to the year for Barclays traders helped the British lender deliver a share buyback and a return to dividends even as the bank said the outlook for 2021 remained uncertain.
The London-based firm’s securities division reported a better-than-expected 45% rise in markets revenue for the year, the biggest trading jump among major global investment banks. But the pandemic continued to slam the bank’s lending businesses, an impact Barclays said was likely to endure in 2021...
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