LondonBarclays pays shareholders £500 million while cutting 5% of staff.
The bank says it is adopting artificial intelligence across its operations to reduce costs.
Pretax profit rose 12% to £2.3 billion, but investment bank income of £3.1 billion missed the £3.3 billion forecast.
Britain’s finance minister John Healey presents his first budget on 28 October, with more bank taxes possible.
How each outlet framed it
drawn from 80+ reports worldwide · These outlets told this story differently.
- Bloomberg Business
- Economic Times
- foregrounds the UK budget risk to banks: Healey's Oct 28 budget could tax lenders, framing the results as a pre-budget read
Sources: Bloomberg Business, Economic Times