Barclays swings to first-quarter loss as US settlement and PPI hit profits
The bank was hit by a £1.4 billion settlement with the US Department of Justice earlier this month.
The bank was hit by a £1.4 billion settlement with the US Department of Justice earlier this month.
The high street lending giant reported a 6% rise in first quarter underlying pre-tax profits to £2 billion.
Since setting up the MoneySavingExpert.com website in 2003, the consumer champion has helped millions of people.
They also have a ferret, a turtle and three dogs.
Jason Butler used a complex scam to buy cars including a Lamborghini and two Ferraris.
RBS has yet to reach what is expected to be a multibillion-dollar settlement with the US Department of Justice.
Analysts had been pencilling in a full-year attributable loss of £592 million for 2017.
Pre-tax profits rose 10% to £5.3 billion for 2017, but a raft of charges left it nursing a £1.9 billion bottom-line loss.
Boss Antonio Horta-Osorio unveiled plans to invest more than £3 billion as profits surged 24% to £5.3 billion in 2017.
The group reported bottom line pre-tax profits of £5.3 billion for 2017, up from £4.2 billion in 2016.
More than 60 people complained about the firm, saying they felt “hounded” by the unwanted calls.
The high street lender booked £203 million in impairment losses.
Branches under the Halifax, Bank of Scotland and Lloyds brands will be affected.
The lender said pre-tax profit rose from £837 million to £1.1 billion in a “particularly significant” period.
The lender said that pre-tax profit rose from £837 million to £1.1 billion.