Barclays has resumed modest shareholder payouts after a year-long hiatus due to the COVID-19 pandemic, setting expectations other British lenders will follow suit when they report 2020 earnings in the next few days. The resumption came as Barclays profit fell by half, much less than forecast as a strong performance by its investment bank offset provisions against bad loans from the economic fallout of the COVID-19 pandemic.
Barclays shares, however, fell as much as 5 per cent, after the payout plans and a vague outlook set out with no profit targets left investors underwhelmed. The bank said its returns are likely to improve meaningfully , without giving any numbers, and said pressure on income at its loss-making consumer business was likely to continue over the medium term.
Chris Young/The Canadian Press
As the federal Finance Department busily crafts a coming budget to get Canada’s economy back up and running in 2021, Dan Kelly has an important message about the wobbly legs of the country’s small-business community.
“A strong wind could blow down some of these businesses right now.”
Mr. Kelly, president and chief executive of the Canadian Federation of Independent Business, chatted on Wednesday, the day before the publication of the small-business organization’s prebudget submission to Finance. In that document, the CFIB urges the government not to ease off on its spending on business supports – and, indeed, to extend and increase them – until we’re well clear of the pandemic and Canadian businesses have been allowed to fully reopen.
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Tap Money Departs PD Post At WHTA (Hot 107.9)/Atlanta
February 18, 2021 at 1:20 AM (PT)
Tap Money
ALL ACCESS has learned that PD TAP MONEY has exited URBAN ONE/RADIO ONE Urban WHTA (HOT 107.9)/ATLANTA.
MONEY told ALL ACCESS, “The opportunity to run one of the most iconic brands in radio has been awesome in the 12 plus months here at WHTA. We relaunched a new lineup that is destined to win. We gave a voice to the voiceless during the civil unrest and we played a huge role in turning GEORGIA blue.
Biden at odds with Democratic leaders over lawmakers’ call to cancel up to $50,000 in federal student debt Updated: February 17
Print article President Joe Biden is butting heads with key Democrats after he rejected Senate Majority Leader Chuck Schumer’s call to cancel up to $50,000 in debt held by federal student loan borrowers. “I will not make that happen,” Biden told a borrower inquiring about the proposal at a town hall hosted by CNN in Milwaukee Tuesday. He later said: “I’m prepared to write off a $10,000 debt, but not 50 because I don’t think I have the authority to do it.”
Gold was outperformed by sister monetary metal silver again on Thursday, rallying weakly from yesterday s drop near 8-month lows after notes from the US Fed said it fears inflation will be too low post-Covid