Barclays, on a selling spree, aims to get back to basics
At its core now are its British consumer bank and trans-Atlantic investment bank
Thu, Aug 18, 2016 - 5:50 AM
A return to robust profits and a healthy dividend have remained elusive as Barclays sells or closes riskier businesses while trying to maintain its stature as an international investment bank.
BARCLAYS has been a bit of a punching bag among British banks in recent years. The lender was the first bank to admit wrongdoing four years ago over manipulation of the London interbank offered rate, or Libor, a global benchmark interest rate.