FIRST AIRED: February 23, 2017

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Transcript

00:00:01
>> Strong headwinds for Europe's banks, but some of Britain's better able to deal with them. After bumper profits from Lloyd's this week, Barclay's now surprising with an unexpected jump in its core capital ratio. A measure of the bank's financial strength that fell short in recent stress tests.>> Dramatic department-
00:00:17
>> With VAT now at 12.4% its boss says there's no reason to raise capital. While for fans of London's financial district, there was even a strong message on Brexit.>> And I continue to believe that London will be the financial center for Europe, even without the single market.
00:00:31
And we're committed to the UK.>> Pre-tax profit, though below forecasts, was at 3.2 billion pounds, also up by nearly three times 2015's result. The bank flagging faster than expected progress in selling off unwanted assets outside the UK. There were also strong numbers from its investment banking division, credit trading up 44% and in line with big US rivals.
00:00:54
But this still faces US lawsuits over selling mortgage-backed securities, Barclays alone among the bigger banks in choosing to contest a case where others have settled. One headwind at least still blowing.