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Barclays shares slide for second day

Published 25/10/2023, 08:11
© Reuters. FILE PHOTO: A Barclays sign is seen outside a branch of the bank in London, Britain, February 23, 2017.   REUTERS/Stefan Wermuth/File Photo
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LONDON (Reuters) - Barclays (LON:BARC) shares fell by as much as 2.4% in early trading on Wednesday, briefly on course for their biggest two-day drop since turmoil engulfed the global banking sector in March.

© Reuters. FILE PHOTO: A Barclays sign is seen outside a branch of the bank in London, Britain, February 23, 2017.   REUTERS/Stefan Wermuth/File Photo

On Tuesday, shares in Barclays closed down 6.5% after the company indicated it would embark on another restructuring round in the coming months to deal with the effects of margin pressure from competition in the savings market and another lacklustre performance from its investment bank.

By 0705 GMT, Barclays shares were down 0.4% on the day, narrowly above Tuesday's seven-month low.

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