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

Barclays reported a Q4 net loss of £111m ($139.8m) and announced a significant strategic overhaul, including substantial cost cuts, asset sales, and reorganization of its business divisions. The bank aims to return £10bn to shareholders between 2024 and 2026 through dividends and share buybacks. Barclays is targeting total gross cost savings of £2bn and an RoTE of greater than 12% by 2026.