Barclays on March 1 announced a full-year net loss as it set out plans to recapitalise the lender by exiting its African business and slashing future dividend payouts.
The British bank posted a wider net loss of £394 million for the year, compared with a loss of £174 million the year before, hit by litigation costs. Total income, excluding insurance claims, rose 1% to £25.5 billion.
