Barclays CEO Says Strategic Reset on Track, Consumers Resilient

Barclays Plc is on track to meet its earnings targets for the year, helped by customers making the best of higher prices and interest rates, according to Chief Executive Officer C.S. Venkatakrishnan.

The bank, which wants to return at least £10 billion ($13.4 billion) to shareholders in the next few years, feels “comfortable” reaching its return on tangible equity target of more than 10% this year, Venkatakrishnan said at a Bank of America conference in London.