Barclays PLC

Barclays braces for bad debt despite rising profits

Barclays braces for bad debt despite rising profits

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, …

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High US inflation drives market expectations for a 5% or higher fed funds rate in a few months

High US inflation drives market expectations for a 5% or higher fed funds rate in a few months

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% – …

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