FOMC Thoughts; Barclays Feedback; Spanish Banks: Financials Sector Specialist Commentary Banks · Insurance · Diversified Financials

Research evidence excerpt

FOMC Thoughts; Barclays Feedback; Spanish Banks: Financials Sector Specialist Commentary Banks · Insurance · Diversified Financials

Gigi Sparling - Specialist Sales - European Financials AC (44-20) 7134-0355 Europe Specialist Sales J P M O R G A Nghislaine.sparling@jpmorgan.com

J.P. Morgan Securities plc 17 June 2026

FOMC Thoughts; Barclays Feedback; Spanish Banks

Gigi Sparling

+44 207 134 0355

ghislaine.sparling@jpmorgan.com

Today: Eurozone CPI (10am); US Retail sales (1.30pm); FOMC (7pm)

3 Key Highlights Today:

1. Barclays: Feedback from Anna Cross CFO meeting.

2. Spanish Banks - CNMC opens mortgage probe – precedent points to a soft landing.

3. FOMC Thoughts - Matt See, APAC Thematic Spec Sales.

Use the links below to jump straight to each section:

The Detailed Highlights

Post results, Newswires & Away from Us

Global Financials wrap, Trading Recap and Colour

Global Financials Research Links

Global Macro Research Links

Save the Date: J.P. Morgan Events

J.P. Morgan Financials Contacts

Barclays: Feedback from Anna Cross CFO meeting. A first for me yesterday with a spec sales only CFO meeting kindly

hosted by Barclays. Overall the message was very confident - on both Barclays progress but also on the resilience of UK growth

where debt/GDP for both corporates and consumers is at a low helping the loan growth trends on the corporate side in particular

as well as the structural/regulatory changes in the last 15 years around lending helping protect on the credit cost side. We talked

about US IB competition where the CFO’s view is it had been a feature for the last 4-6 quarters and Barclays are keen to

understand where FRTB finally lands in the UK. We talked about industry consolidation given the ongoing regulatory burden but