Salz Review - Wall Street Journal

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1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 213 Salz Review An Independent Review of Barclays’ Business Practices Profits Barclays’ Profit before Tax (PBT) by Business, 1993-2012 313 £bn 10 5 0 0.7 Barclaycard UK Retail & Business Banking IRCB Absa Barclays Wealth Barclays Corporate 2.3 2.5 1.9 2.0 1.7 1.9 Barclays Capital Investment Management Head Office and other ops. 5.3 4.6 3.8 3.4 3.4 3.2 7.1 7.1 3.5 6.4 5.7 3.2 4.8 1.1 0.3 0.3 0.3 4.1 0.2 -0.1 -1.1 -5 Notes: International Retail and Commercial Banking (IRCB) includes Europe RBB and Africa RBB; Profit Before Tax from continuing operations only; Excludes own credit earnings / (charges) of £1.7 billion in 2008, £(1.8) billion in 2009, £0.4 billion in 2010, £2.7 billion in 2011 and £(4.6) billion in 2012; No consistent breakdown by business available prior to 2000 Sources: Barclays Finance, Barclays annual reports Caution is needed in analysing revenues, compensation, profit and return ratios at business unit level, as this requires broad, and sometimes bank-specific, assumptions dependent on the organisational structure and transfer pricing arrangements. This is affected, for example, by shared costs incurred at central level, such as group management and IT, or by funding costs, which can also be considered as ‘shared’, as all business units benefit from the same group-wide credit rating. Finally, revenues from clients or activities can be considered as ‘shared’ between business units when the product designer and the seller belong to different business units, or the success of one business unit depends on the existence of another. 313 Excluding own credit.
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Salz Review An Independent Review of Barclays’ Business Practices 214 Barclays’ PBT by Business, 1993-2012 314 £bn 10.0 5.0 0.0 Barclaycard UK Retail & Business Banking IRCB Absa Barclays Wealth Barclays Corporate 2.3 2.5 1.9 2.0 1.7 1.9 0.7 Barclays Capital Investment Management Head Office and other ops. 5.3 4.6 3.8 3.4 3.4 3.2 7.1 7.1 3.5 6.4 5.7 4.2 7.3 1.5 1.5 0.3 0.3 4.1 0.2 -0.1 -1.1 -5.0 Note: International Retail and Commercial Banking (IRCB) includes Europe RBB and Africa RBB Sources: Barclays Finance, Barclays annual reports Barclays’ adjusted PBT, 1993-2012 £bn 8 7.1 7.1 7.0 6 4 2 1.9 2.0 2.3 1.7 1.9 2.5 3.4 3.4 3.2 3.8 4.6 5.3 4.9 5.7 5.6 0.7 0.7 0 Notes: PBT from continuing operations only; Adjusted PBT excludes the impact of own credit, gains or losses on debt buy-backs, gains or losses on disposal and impairment of BlackRock investment, provision for PPI redress, provision for interest rate hedging product redress, goodwill impairment and gain or losses on acquisitions and disposals; Adjusted PBT is similar to PBT prior to 2008 Sources: Barclays Finance, Barclays annual reports 314 Excluding own credit, PPI and SME derivatives redress provisions.
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Salz Review - Wall Street Journal

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