Barclays Studying Possible Increases In Capital Allocated To Sub-Scale Businesses Under Share Price Revival Plan; Barclays Reviewing Additional Investment In U.S. Cards, Global Wealth And Payments Units
Portfolio Pulse from Benzinga Newsdesk
Barclays is considering increasing the capital allocated to its sub-scale businesses as part of a share price revival plan. The bank is reviewing additional investment in its U.S. cards, global wealth, and payments units, according to Reuters.
July 12, 2023 | 1:22 pm
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POSITIVE IMPACT
Barclays' potential increase in capital allocation to its sub-scale businesses and additional investment in certain units could lead to improved performance and potentially a revival in share price.
The news of Barclays considering increasing capital allocation to its sub-scale businesses and additional investment in its U.S. cards, global wealth, and payments units is directly related to the company's performance. This could lead to improved business performance and potentially a revival in share price, hence the positive score.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100