Barclays' Staley on Profitability, Cost Cuts, Brexit

The transcript discusses the company's profitability, focusing on core banking strategies and cost-cutting measures. It highlights the impact of Brexit on shareholder returns and market performance. The discussion extends to the global financial market, emphasizing the importance of free capital flow post-Brexit. The UK economy's inflation and interest rates are analyzed, with insights into Barclays' market position and strategy. Finally, it addresses banking risks and global market challenges, including monetary policy and market crashes.

What is the current return on tangible equity for the company's core bank?

• 8%

• 11%

• 18%

• 15%

What is the cost target set for the core business in 2016?

• £12 billion

• £15 billion

• £10 billion

• £13 billion

Which non-core business did the company recently sign an agreement to sell?

• Retail bank in Portugal

• Index business to Michael Bloomberg

• Retail bank in Spain

• Bank in Egypt

What was the impact of Brexit on the company's market cap?

• Remained stable

• Decreased by 30%

• Increased by 20%

• Increased by 10%

What is the stance of the UK on interest rates according to the discussion?

• Move to zero rates

• Adopt negative interest rates

• Maintain low but positive rates

• Increase rates significantly

What is the biggest risk to the banking world according to the discussion?

• Slowdown in China

• Disengagement of accommodative monetary policy

• US Presidential Election

• Brexit

What recent market events are highlighted as concerns for the banking industry?

• None of the above

• Both A and B

• Swiss franc volatility

• US Treasury flash crash