Barclays Profit Dips 7%, Investors Cheer $670 Million Share Buyback Plan
Barclays, the major British bank, recently reported its third-quarter earnings. The bank’s profit fell by 7% compared to the same period last year. This dip was largely due to a slowdown in its crucial investment banking division. Trading activity was lower, which reduced overall revenue. However, the bank also delivered positive news to investors. Barclays…