BoE says UK banks no longer too big to fail
10th Jun 2022 07:46
(Sharecast News) - Britain's major banks are no longer too big to fail and could still provide vital services in a crisis without a taxpayer bailout, the Bank of England said, although it said three lenders had fallen short of meeting requirements.
Read moreSector movers: Vodafone buoys Telecoms, Banks track gains in yields
24th May 2022 00:36
(Sharecast News) - Telecommunications Service Providers, Automobiles and Parts, and Banks paced gains on the FTSE 350 at the start of the week.
Read moreBank of England chief economist sees further rate hikes ahead
20th May 2022 10:41
(Sharecast News) - The price of money is headed higher still and the risks are that even further rate rises might be needed, the Bank of England's chief economist said.
Read moreShoreCap stays at 'buy' for most UK banking groups, prefers Barclays and Virgin Money UK
19th May 2022 19:20
(Sharecast News) - Analysts at ShoreCap reiterated their 'buy' recommendation for shares of the majority of the UK's main banking groups - with the exception of HSBC.
Read moreTop BoE official says rates may need to be raised by more than expected
12th May 2022 10:57
(Sharecast News) - The Bank of England may need to hike official interest rates by more than what financial markets are currently pricing in, one of the central bank's top officials said.
Read moreBarclays delays buyback as first-quarter profit drops
28th Apr 2022 07:25
(Sharecast News) - Barclays delayed its £1bn share buyback further as a £523m conduct charge caused the bank's first-quarter profit to fall.
Read moreThursday preview: US Q1 GDP, Barclays in the spotlight
27th Apr 2022 17:13
(Sharecast News) - The market spotlight on Thursday will be on a preliminary reading for first quarter US gross domestic product.
Read moreBarclays halves stake in South African lender Absa Group
21st Apr 2022 08:16
(Sharecast News) - Barclays has halved its stake in South African lender Absa Group after selling 63m shares in a placing.
Read moreTime is not on the BoE's side, Berenberg says
7th Apr 2022 13:29
(Sharecast News) - Bank has its work cut out for it in trying to bring inflation to heel while not tipping the economy into recession, argue economists at Berenberg.
Read moreBoA raises 2022-23 UK CPI forecasts, expects four hikes in Bank Rate
6th Apr 2022 14:23
(Sharecast News) - Economists at Bank of America raised their short-term inflation forecasts for the UK, predicting that Bank would hike short-term interest rates four more times as it tried to navigate both the risk of a recession and of too-high inflation.
Read moreBarclays investors demanding pay cuts over £450m blunder - report
1st Apr 2022 11:49
(Sharecast News) - Leading investors in Barclays are reportedly demanding the bank takes steps to dock executive bonuses after it said it would take a £450m hit for overselling products to investors.
Read moreJP Morgan cuts rating on Barclays
29th Mar 2022 11:34
(Sharecast News) - The positive investment case for British banks is starting to weaken, JP Morgan said on Tuesday, as it reiterated Lloyds Banking Group as its top pick but cut its rating on Barclays.
Read moreShoreCap stays at 'buy' on Barclays despite over-issuance of structured products
28th Mar 2022 11:46
(Sharecast News) - ShoreCap analysts stood by their 'buy' recommendation for shares of Barclays even after the lender announced that it would book a massive financial charge due to a regulatory breach.
Read moreBarclays delays share buyback selling more bonds than it registered
28th Mar 2022 08:32
(Sharecast News) - Barclays pushed back its £1bn share buyback programme on Monday, as it announced a £450m expected charge after issuing twice as many notes as it had registered for sale.
Read moreBoE may delay bank capital move because of Ukraine war
24th Mar 2022 11:14
(Sharecast News) - The Bank of England is considering delaying plans to tighten banks' capital requirements because of concerns created by Russia's invasion of Ukraine.
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