British bank Barclays is afraid that it might miss its profit target as the previous quarter’s results were not as good as they were expected to be. Since the past three year, the bank had been performing poorly. The global financial crisis has hit the working of the bank severely.

The pre-tax profits of the Barclays Plc, the U. K.’s third- largest bank by assets, have been dropped to £1.7bn, which is a decline of 33%, in the first quarter ended at March. Annually the profits of the Barclays have been dropped by 9pc. The fall in profits is because of the slowdown in the Barclays Capital.

Recently, an investor research and advisory group has accused Barclays PLC (BCS) for not submitting the true cost of its bonuses. According to the advisory group, Barclays owes bonuses and taxes worth GBP1.4 billion for which it hasn’t been accounted for properly.

Leading banks; Barclays Plc, Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc have lifted up the U. K. stocks. Barclays rose by 3.6% and closed at 287.5 pence. Royal Bank of Scotland notched up by 3% to 42 pence and Lloyds Banking Group rose by 2.1% and closed at 59.3 pence.

Barclays, a wealth management service company, will pay 3.25% interest to any new and existing customer who opens a new ISA, but won’t do so on any ISA transfers. This is the top rate for people saving money, especially since Halifax pays 3% or 3.2% for those who have bank accounts with them.

A new bonus has been presented to Bob Diamond, the chief executive of the British Bank Barclay. He is entitled to receiving a bonus of a huge sum of 6.5 million pounds.

The further details of the bonus and the remuneration shall be stated in the report that shall come a little later.

The sale of the Lehman Brothers Holdings Inc. to Barclays Plc was fair amidst high recession, but its bankruptcy estate is no way entitled to recover a windfall of 11 billion dollars, ruled a federal judge. The judgment was awaited for a very long time.

This past week Mr. George Osborne made a declaration at the House of Commons. He said that the 4 largest and prestigious banks of the United Kingdom – the HSBC, RBS, Barclays and Lloyds have signed up to a project named Project Merlin.

According to a Friday report by Barclays’ analyst Ben Reitzes, Apple has taken market-leading strides in the corporate world, thanks to the success of its ground-breaking iPad tablet.

Bob Diamond of Barclays joined the ranks of UK bank chiefs in the last week, and murmured softly that if curbs on bonuses got too fierce, bankers would flee the country. Thus he antagonized the public more.