0817 GMT - The hard-hitting remarks of Barclays's CEO on the potential for higher U.K. bank taxes are something of a warning shot, Seapoint Insights analyst John Cronin says. Still, this isn't likely to change the lender's commitment to the country, he notes. C. S. Venkatakrishnan highlighted last week at a conference that U.K banks pay higher tax rates than their U.S. peers and that an extra levy would be damaging to the economy and to the banking sector as a large employer. As a multinational bank, Barclays has options, Venkat said. "While [Barclays] could theoretically redomicile it would surely be fraught with operational and regulatory complexities and any such decision seems highly unlikely and one that would not be taken lightly--and only with a very long-term view," Cronin writes.(elena.vardon@wsj.com)

(END) Dow Jones Newswires

September 15, 2025 04:17 ET (08:17 GMT)

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