BARCLAYS ONWARDS AND UPWARDS – After a number of banks have reported their first quarterly results, Barclays have reported a pre-tax loss of £236m, due to a series of costs. A year ago in the same period Barclays reported profits of £1.7bn, this year their bottom line was hit by a £1.4bn settlement with the US government last month. The fine was due to allegations that the bank had mis-sold mortgage-backed securities in the run up to the financial crisis. @Jes Staley, CEO, said “while the penalty was substantial, this settlement represents a major milestone for Barclays, putting behind us a significant, decade-old legacy matter. Together with the extensive restructuring completed last year, Barclays is now well-positioned to deliver strong earnings going forward and remains confident of achieving its returns and cost targets.” #SpartanInternational