let's bring in stephen morris, a banking reporter for bloomberg news. r us first what this new case is about. stephen: barclays was charged by the u.k. in exchange with a $3 billion loan a gave in the financial crisis. they were charged with fraud. what happened today is the operating company has been charged with all lawful financial assistance. we have a less serious charge, but at the operating level, that is where barclays holds its licenses to conduct business. the banking license could be threatened. nejra: is that the biggest implication here? stephen: we don't know how likely it is to happen. no british bank has ever been accused and found guilty of fraud before. regard test case in that . it would be an extreme step for authorities to take away the license. this is more bad noise coming from barclays at a time that it doesn't need it. .or results are out next week measure.nother strong they just released the regulatory investigation for trying to unmask a whistleblower last year. they have a lot going on on the legal front. more settlements in t

let's get some analysis from stephen morris.pretty good news, investors like it. >> that's right. they have been looking for this after a two-year suspension. the shares have bounced in hong kong and london on the news. but when you look through into the results, there's still a lot of work to do. guy: what do they still need to do? the targets are up here, and he is here. >> yes. standard chartered set targets that were very modest, 10% return on equity by 2020, and they have already had to back away. they want to grow revenue between 5% to 7% per year. last year they posted 3%. this year they need to double revenue growth. areas of underperformance include financial markets, which we have seen quite commonly across wall street. they also are still making losses in the private equity unit, and the private bank made a loss this year as well, when of the areas they specifically targeted for growth. guy: so in terms of a we can expect over the next 12 months, the intensity to get us here has been quite incredible. the backdrop was

problem have to deal with you can't hide from it but i fear there's not much sympathy for them from stephen morris stephen no what would you like to see to let's talk about the british british passport holders first of all that have gone out there most saying some of the went out there with their family some of the went out there maybe they were brainwashed but i mean i suppose the argument is allowed you know you were going to go out there and fight of the day if you going to join isis what do you think should be done here practically. well the shouldn't be allowed back here if they've committed crimes abroad then they should be dealt with abroad if they committed crimes in syria they should be dealt with by the syrian authorities. he's now in control of so you probably should not come back here should not come back here it's as simple as that because they've committed the crimes abroad so why should the taxpayers foot the bill for all this we believe and all the shore and then probably the doing jail for quite a while that cost more money when these crimes are being committed abroad let the auth

safe nothing nothing in the media saving appreciate you coming on good to get thought that was a stephen morris there from the english democrats party in the u.k. thank you. thank you thank you for watching i think we'll have more news in a company. same wrong. just don't. get to shape our. culture. and. find themselves worlds apart. to look for common ground. the king of spain paid a visit to barcelona on sunday prompting both pro unity and pride when dependant demonstrators to take to the streets resulting in scuffles with police in which around twenty people were injured. i was i was i was when i was king philippe's first visit to catalonia since the region's referendum on independence hundreds of people many carrying cattle and flags gathered in the city center as you can see here where they were met by riot police that rally carried on into the night with people chanting support for the jailed cathal and leaders they were imprisoned after the referendum vote last october which was deemed illegal by the spanish government has a look back now to spain's biggest political crisis in forty year

we discussed this with stephen morris from the english democrats party elements i think the chief executive of the ramadan foundation. we always have this little cuddly thing of children where they can do no wrong bear in mind these are children that are trained to kill they are not just good in a mock in a street bin antisocial these are of a direct agenda and the agenda is to kill as many people as possible so we do have to clamp down on this our security services and police are doing a tremendous amount of work to a dentist five who those children now these are children they didn't make the choice. to go and live in syria it was their parents and we should not punish the children for the actions of the crimes of the parents i'm quite clear in terms of human rights universal declaration of human rights that we should welcome them back and help them rebuild their life where we can help them but we should help them over there we don't have to bring them here what you've got a you've got to do want people to bring them over here let them walk free while the been assessed well no wells the wa

well look at them on a keys by keyes basis and they may be interested we discussed this with stephen morris from the english democratic party and mohammad shafiq chief executive of the ramadan foundation who shared their views on the issue. we always have this like little cooler thing of children where they can do no wrong and then obviously when they do some wrong it's all we can do this we can do that to try and help them go to bear in mind these are children that are trained to kill they are not just good in a mock in a street been antisocial these of a direct agenda and the agenda is to kill as many people as possible so we do have to clamp down on this our security services and police are doing a tremendous summer worked with twenty five who those children are and what risk for children or their parents pause to the united kingdom and i think it's. it's too early to speculate about the circumstances of these children these are children they didn't make the choice. to go and live in syria it was their parents and we should not punish the children for the actions of the crimes of the par

as well look at them on a keys by keys basis and they may be arrested we discussed this with stephen morris from the english democrats party and mohamed shafiq chief executive of the ramadan foundation who shared their views on the issue. we always have this like little cuddly thing of children where we can do no wrong and then obviously when they do some wrong it's all we can do this we can do that to try and help them go to bear in mind these are children that are trained to kill they are not just good in a mock in a street bin antisocial these of a direct agenda agenda is to kill as many people as possible so we do have to clamp down on this our security services and police are doing a tremendous amount of work to a dentist five who those children are and what risk those children or their parents pause to the united kingdom and i think it's. it's too early to speculate about the circumstances of these children these are children they didn't make the choice. to call and live in syria it was their parents and we should not punish the children for the actions of the crimes of the parents i'

nejra: thank you so much, bloomberg stephen morris.et's check in now with the bloomberg first word news. taylor riggs is here with us. reporter: president trump has endorsed more control over gun sales in the wake of the florida school shooting. on twitter today, the president said he will push for tougher background checks to green from -- to screen from mental health. president trump also once a ban on bump stocks that allow some rifles to be fired faster. president trump promised nation's broken bridges and roads with help from australia. governor sayse the u.s. economy is in the best shape since the guys of crisis. he spoke today in tokyo. he endorsed the raising of interest rates. it is brexit decision time for british prime minister theresa may's cabinet. she is shutting her most senior ministers away in a room until later today to force them to agree on what sort of trade deal they want with the european union. she needs an agreement before making a speech to announce our plans. global news 24 hours a day, powered by more than 2

for more, let's bring in stephen morris. also in that list is lloyd's. week. are there any themes that we can draw? stephen: one of the major themes we have seen the last few years is just how long and has taken the u.k. banks to restructure themselves and really get themselves on sound footing and a position to grow again. we are seeing that at lloyds, which is preparing to unveil a new strategy. it will be interesting to see what they have to say. unfortunately if you work there, it will probably involve more job cuts. onlly we are focusing barclays later on this week, which faces a lot of the same questions that steve just talked about over there and fran in frankfurt. does that cut costs? does it abandoned the investment banking strategy? does a double down and gamble on be in the last man standing in europe? yielding revenue down the line. the question is whether investors will have patience for dnother backorders -- ba quarter of earnings at berkeley. -- barclays. nejra: hsbc the first of the four to report. is it likely to set any sort of tone? i

ours: stephen morris, banking reporter, joins us now on the set. stment banking income, bonds, stocks, currencies -- that was better than the street. glass half-full, glass half empty? stephen: as usual with barclays, a bit of a mixed bag. trading results were not as bad as expected, but still not great, that are than wall street and other european rivals on average. but they still did pretty badly in equity trading and macro trading, two areas the ceo targeted for improvement. we are still seeing the sins of the past come through these results. another 240 million pound charge for fx rigging misconduct in the past, so we are not seeing a bank that's out of the woods yet. manus: he still, there was this original head to head, then a change in tack. where are we on the litigation trail? putting that behind us before we are able to move on? stephen: no closer. maybe even further away. three major issues. the ceo's personal scandal, getting involved in trying to unmask the whistleblower. trying to settle toxic mortgage backed security sales from the u.

let's bring in stephen morris. good to have you on the program.and question going into the numbers? >> it is the final time he will these results. he has been going for six or seven years. he spent the majority trying to clean up after the financial crisis. , really getting more focused to prevent the recurrence of misconduct problems, which dog a top.f tenure at the john flynn, the incoming ceo who has been there for his entire career, is top. actually growing again. decent revenue growth in asia, and they have not had that. we should see shares continue in the upper directory. >> it is much more of a directed story. expectation around strategy from this very u.k. focused business? quite heavily linked to the top job at hsbc, which he did not get. the three-year plan outlining brexit,ill grow after with a completely competitive british banking landscape, more technology and savvy players coming to the marketplace. that will be interesting. new investment program digital, which, probably does mean more job cuts down the line but it is -- it is a w