Barclays

Barclays is a multinational universal bank headquartered in London. Recent news articles mention the bank in the context of a £2 billion car finance tax loophole. Specifically, a City minister is accused of ignoring concerns about this loophole, which could benefit lenders including Barclays, Lloyds, and Santander. The article suggests these banks might be able to sidestep rules intended to ensure they pay tax on profits from car loans. While Barclays is named, the article focuses on the minister's inaction and the potential impact on taxpayers. The bank's relevance stems from its position as a major lender in the UK car finance market, making it a potential beneficiary of the alleged loophole. Other news focuses on China's property downturn, Epstein's payments to Mandelson, UK retail sales, and Lloyds CEO bonus increases, none of which directly involve Barclays.