Jul 29, 2020
Barclays boss: We want our people back together
Barclays boss Jes Staley has signalled that he wants employees working from home during the pandemic to return to the office "Over time". "It is important to get people back together in physical concentrations," he told Bloomberg TV. He said 60,000 Barclays staff were working "From their kitchen tables", but stressed that another 20,000 were in offices, branches and call centres. In recent years, banks worldwide have shifted staff away from expensive skyscrapers in financial hubs, but Barclays and its rivals still have busy offices in places such as London's Canary Wharf. The Barclays boss was speaking after the bank reported a 58% fall in pre-tax profits to £1.3bn for the first half of this year, compared with £3bn for the same period in 2019. "Given the backdrop, a large increase in provisions for bad loans during the half was to be expected - and Barclays now expects disruption to drag well past 2020.".
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