Barclays CEO diagnosed with non-Hodgkin lymphoma
28th Nov 2022 10:22
(Sharecast News) - Banking giant Barclays said on Monday that chief executive CS Venkatakrishnan will be undergoing treatment for non-Hodgkin lymphoma.
Read moreInvestec cuts Close Brothers to 'sell'
14th Nov 2022 11:37
(Sharecast News) - Investec cut its rating on Close Brothers Group to 'sell' on Monday, after a spike in the merchant bank's share price.
Read moreUK govt unlikely to impose windfall tax on banks - report
31st Oct 2022 08:39
(Sharecast News) - Bank stocks rallied on Monday following a report the government had denied suggestions it is considering a windfall tax on the sector as one means of closing the budget hole.
Read moreSunday newspaper round-up: Bank windfall tax, Octopus Energy, Royal Navy
30th Oct 2022 10:24
(Sharecast News) - Two high-ranking sources near to the new Prime Minister and Chancellor gave short shrift to the idea that a new tax might be levied on lenders. Indeed, during his time as Chancellor, Rishi Sunak had looked at ways to bolster the City after Brexit, whereas bankers have been warning Jeremy Hunt that a tax raid would only hamstring such plans. Furthermore, government sources expect that Hunt will lower the current eight per cent tax surcharge on banks' earnings to three per cent, as had also been planned by Sunak, while raising corporation tax from 19 per cent to 25 per cent for a total levy on banks of 28 per cent. - The Sunday Times
Read moreBarclays Q3 beats expectations despite rise in impairments
26th Oct 2022 07:03
(Sharecast News) - Barclays Bank reported a better-than-expected rise in third quarter profits despite a sharp rise in bad loan charges as consumers started to feel the impact of the cost-of-living crisis.
Read moreWednesday preview: US new home sales, Barclays in the spotlight
25th Oct 2022 11:35
(Sharecast News) - The market spotlight on Wednesday will continue to be on the US housing sector.
Read moreFCA fines Barclays £50m over 2008 Qatar deal
21st Oct 2022 09:40
(Sharecast News) - Barclays has been fined £50m by the City watchdog over its "reckless" conduct during a fund raising at the height of the 2008 financial crisis.
Read moreHunt mulling windfall tax for banks - report
19th Oct 2022 07:11
(Sharecast News) - New chancellor Jeremy Hunt is considering upping the amount of tax paid by banks as he looks to plug funding gaps, it was reported on Wednesday.
Read moreMortgage lenders to urge Kwarteng to extend guarantee scheme
6th Oct 2022 15:03
(Sharecast News) - Some of Britain's largest mortgage lenders are set to implore chancellor Kwasi Kwarteng to extend a first-time buyer guarantee scheme, it was reported on Thursday.
Read moreBarclays agrees to pay $361m SEC fine
30th Sep 2022 10:12
(Sharecast News) - Barclays has agreed to pay $361m to settle a probe by the Securities and Exchange Commission into a "staggering" trading error, the US regulator confirmed.
Read moreUK govt considering QE change to avert £10bn payout to banks - report
21st Sep 2022 15:00
(Sharecast News) - UK Prime Minister Liz Truss's new government has reportedly looked at changing the Bank of England's money-printing programme to save the UK taxpayer billions of pounds.
Read moreNCA files claim to recover millions from two Barclays accounts - report
12th Sep 2022 07:52
(Sharecast News) - The National Crime Agency has launched legal action to recover nearly £54m from two Barclays bank accounts.
Read moreBarclays sells remaining stake in South Africa's Absa in placing
31st Aug 2022 16:43
(Sharecast News) - Barclays said on Wednesday that it is selling its remaining 7.4% interest in South African bank Absa in a placing.
Read moreCiti sees UK inflation hitting 18% peak in January
22nd Aug 2022 11:15
(Sharecast News) - Economists at Citi raised their forecasts for the peak in UK inflation to 18% in the wake of the additional 25% rally in UK gas prices and 7% rise in electricity costs over the previous week.
Read moreBarclays profits fall after £1.9bn conduct charge
28th Jul 2022 07:02
(Sharecast News) - Barclays reported a fall in pre-tax profits due to a £1.9bn charge to cover the cost of buying back securities it sold in error and a £300m impairment provision for bad debts amid the cost of living crisis.
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