|
Barclays PLC - London-based universal bank - US subsidiary passes the Federal Reserve’s annual stress test of US banks. Barclays notes that the projected capital ratios for Barclays US LLC remains above the regulatory minimum across all nine quarters of the test. Barclays US is both an investment bank serving institutional customers and a consumer bank providing credit cards, personal loans and payment services. The US arm’s common equity tier 1 capital ratio is projected to never go below 9.4% over the nine quarters from the fourth quarter of 2025 even in the case of rising US unemployment, declining economic output, falling property prices, and other stresses set by the US central bank test. This compares to the regulatory minimum of 4.5%. Major US banks, including JPMorgan Chase & Co, Goldman Sachs Group Inc, Morgan Stanley and Wells Fargo & Co similarly passed the Fed stress test and announced plans on Wednesday to increase dividends as a result. Barclays separately says it completed on Wednesday the £500 million share buyback it started in April, buying 110.1 million shares for a cancellation at an average price of 454.30 pence. Current stock price: 515.40p, up 1.6% in London on Thursday 12-month change: up 55% Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
