As expected, the quarterly performance was affected by lower market volatility in rates and currency. This was not the case as regards the extra provisioning on PPI. It still has to be seen if, similar to Lloyds, management considers this is a last ditch effort. Organic excess capital generation was strong, helped by the accelerated run-down of non-core assets. The group looks properly capitalised ahead of pending regulatory impacts. Management reiterated its long-term financial objectives.
28 Jul 2017
PPI and market volatility knock on
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PPI and market volatility knock on
Barclays PLC (BARC:LON) | 184 7.4 2.2% | Mkt Cap: 27,647m
- Published:
28 Jul 2017 -
Author:
David Grinsztajn -
Pages:
2
As expected, the quarterly performance was affected by lower market volatility in rates and currency. This was not the case as regards the extra provisioning on PPI. It still has to be seen if, similar to Lloyds, management considers this is a last ditch effort. Organic excess capital generation was strong, helped by the accelerated run-down of non-core assets. The group looks properly capitalised ahead of pending regulatory impacts. Management reiterated its long-term financial objectives.