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flag Barclays reports Q4 net loss, announces major strategic overhaul with cost cuts, asset sales, and business reorganization, aiming to return £10bn to shareholders by 2026.

flag Barclays reported a Q4 net loss of £111m ($139.8m) as it announced a major strategic overhaul, which includes significant cost cuts, asset sales, and reorganization of its business divisions. flag The bank aims to return £10bn to shareholders between 2024 and 2026 through dividends and share buybacks, following a full-year net attributable profit of £4.27bn, down from £5.023bn in 2022. flag The overhaul involves targeting total gross cost savings of £2bn by 2026 and dividing its business into five operating divisions.

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