The Guardian Australia – Business
·business
·2 hours ago
Another shadow banking hit – but otherwise, Barclays looks fine
Barclays reported a £228 million hit from mortgage firm Market Financial Solutions in the first quarter of 2026. CEO CS Venkatakrishnan emphasized greater caution in lending practices but noted overall pre-tax profits rose 3% to £2.8 billion. Concerns remain over shadow banking as the bank navigates recent challenges without signaling a significant credit crisis.
Summary by Glance · The Guardian Australia – Business
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