Barclays takes £330m blow
BARCLAYS fourth quarter results will be around £330m worse than previously expected, the bank warned investors yesterday.
The results, to be published on 11 February, will include a £220m charge against costs as well as a £110m underperformance in its investment banking arm.
The lender is in the process of a major set of reforms, and is expected to begin closing some branches and moving some into Asda stores as more customers move online.