{"id":7322,"date":"2018-04-26T03:12:17","date_gmt":"2018-04-26T07:12:17","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=0920d17c6f737de96c8395ad5b8df12b"},"modified":"2018-04-26T03:12:17","modified_gmt":"2018-04-26T07:12:17","slug":"barclays-swings-to-1q-loss","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/04\/26\/barclays-swings-to-1q-loss\/","title":{"rendered":"Barclays swings to 1Q loss"},"content":{"rendered":"<p>LONDON &#8212; British banking giant Barclays swung to a loss in the first quarter as it set aside 2 billion pounds ($2.7 billion) to cover past misconduct, including allegations related to subprime mortgages in the United States.<\/p>\n<p>The bank on Thursday reported a net loss of 764 million pounds, compared with net income of 190 million pounds in the same quarter last year. Barclays paid 1.4 billion pounds to settle a U.S. Justice Department complaint about residential mortgage-backed securities sold in 2005-2007 and set aside an additional 400 million pounds to cover the mis-selling of payment protection insurance in the U.K.<\/p>\n<p>CEO Jes Staley says that &#8220;while the penalty was substantial, this settlement represents a major milestone for Barclays, putting behind us a significant decade-old legacy matter.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON &mdash; British banking giant Barclays swung to a loss in the first quarter as it set aside 2 billion pounds ($2.7 billion) to cover past misconduct, including allegations related to subprime mortgages in the United States. The bank on Thursday reported a net loss of 764 million pounds, compared with net income of 190 [&hellip;]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7322"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=7322"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7322\/revisions"}],"predecessor-version":[{"id":7323,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7322\/revisions\/7323"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=7322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=7322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=7322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}