Barclays Plc, the first U.K. lender to report first-quarter results, may report a rise in profit at its investment bank, helped by gains in the U.S. as Europe’s sovereign debt crisis crimps income from the region.
Every morning, from his desk by the bathroom at the far end of Royal Bank of Scotland Group Plc’s trading floor overlooking London’s Liverpool Street station, Paul White punched a series of numbers into his computer.
Barclays Plc appointed two non- executive directors to bolster oversight at the lender as Chief Executive Officer Antony Jenkins seeks to improve profitability and regain the confidence of investors and the British public.
Barclays Plc is being investigated over whether it adequately disclosed fees it agreed to pay to the Qatar Investment Authority as it sought to raise money from investors including the sovereign wealth fund, according to a person with knowledge of the situation.
Barclays Plc, the U.K.’s second- largest bank by assets, paid nine senior executives 40.3 million pounds ($61 million) in bonuses, less than a year after the bank was fined for manipulating benchmark interest rates.
Barclays Plc , the first of Britain’s biggest banks to post annual earnings, reported full-year net income that beat analyst estimates as investment-banking profit almost doubled and writedowns shrank.