Barclays is preparing to be hit by bad debt as the economic outlook darkens, even after posting an increase in profits. The FTSE 100-listed bank more than tripled the amount it set aside for impairment charges to £381million in the third quarter, which it blamed on the deteriorating economic outlook. Within its consumer lending business, …
Barclays braces for bad debt despite rising profits Read More »
The Amazon logo displayed on a smartphone and PC screen. Pavlo Gonchar | Light Rocket via Getty Images LONDON – Amazon will begin selling home insurance in the UK through partnerships with three local insurers, bolstering the e-commerce titan’s push into financial services. The company announced on Wednesday the opening of a new service called …
With inflation showing no signs of abating, financial markets are expecting a 5% federal funds rate by March, which should lead to more volatility in stocks, bonds and currencies. Barclays sees the benchmark US interest rate target rise to 5% to 5.25% by February – from a current level of between 3% and 3.25% – …
