Barclays said to attract interest for Iberian credit card business
19th Jan 2016 14:43
(ShareCast News) - Barclays has reportedly attracted the interest of Spain's Santander and US private equity group Apollo, as it looks to offload its credit card operations in Spain and Portugal. Reuters cited sources as saying the bank was putting its Spanish and Portuguese Barclaycard operations u
Read moreBarclays said to be looking to scale back Africa ops
18th Jan 2016 14:59
(ShareCast News) - Barclays is reportedly drawing up plans to sell part of its 62% stake in Barclays Africa Group, the entity that houses most of its African business. According the Wall Street Journal, the move - which marks a significant turnaround for Barclays - is part of a plan by new chief exe
Read moreLloyds downgraded on Exane's bleak outlook for sector
13th Jan 2016 08:49
(ShareCast News) - Exane BNP Paribas has downgraded Lloyds Banking Group from 'neutral' to 'underperform' and reiterated its 'underperform' rating for Barclays on a bleak operational outlook for UK banks. In a note to investors on Wednesday, it said comments from the Department for Business, Innovat
Read moreBarclays sells indices business to Bloomberg for £520m
16th Dec 2015 12:10
(ShareCast News) - Barclays has agreed to sell its benchmark indices business, Barclays Risk Analytics and Index Solutions (BRAIS) to Bloomberg LP for around £520m. Barclays Risk Analytics and Index Solutions (BRAIS) incorporates the bank's benchmark indices, including the Barclays Aggregate family
Read moreBarclays may sell part or all of its African operations
16th Dec 2015 08:23
(ShareCast News) - Barclays may sell a part or all of its African operations, breaking with a hundred years of history on that continent. The bank is studying the sale as part of a review put in place by its newly arrived chief, Jes Staley, the Financial Times reported. -- More to follow --
Read moreBarclays' Staley said to be considering deeper cuts at investment bank
7th Dec 2015 09:41
(ShareCast News) - Barclays' new chief executive Jes Staley is reportedly considering deeper cuts at the bank's securities unit that could see an additional 20% of bankers lose their jobs. Bloomberg cited people familiar with the matter as saying the bank is looking to eliminate jobs in Asia and the
Read moreBarclays to 'cut investment bank staff by another 20%'
6th Dec 2015 15:23
(ShareCast News) - Barclays is planning to cut its investment bank staff by an extra 20%, according to reports. The majority of the loses will be in Asia and its global cash equities business, people with knowledge of the situation told the Sunday Morning Herald. The bank's Asia securities division
Read moreBarclays sells Italian branches to CheBanca!
3rd Dec 2015 07:07
(ShareCast News) - Barclays has announced it will sell its Italian retail banking network to CheBanca!, a member of the Mediobanca Group. The FTSE 100 bank announced the deal on Thursday, which comprises of 89 branches and a broadly balanced portfolio of assets and liabilities. It will continue
Read moreFTSE 100 movers: Banks lead the charge after stress test results
1st Dec 2015 14:15
(ShareCast News) - The FTSE 100 was in the black on Tuesday, sitting at 6,379.33, up 23.24 points (0.37%) by mid-afternoon. The biggest risers came from the banking sector after all seven of Britain's largest banks passed stress tests by the Bank of England, with Governor Mark Carney assuring that n
Read moreAll seven UK banks pass BoE stress tests
1st Dec 2015 07:06
(ShareCast News) - All seven of Britain's largest banks have passed stress tests by the Bank of England, with Governor Mark Carney assuring that no new wave of higher capital requirements was incoming. Investors took confidence from Carney's affirmation that banks would need to hold Tier 1 equity of
Read moreSector movers: Utilities downgraded, banks hit by FSB capital rules
9th Nov 2015 16:05
(ShareCast News) - The utilities sector was the worst performer on Monday, with banks starting well but losing ground and fund managers well bought. Banks got off to a good start early in the session, with Barclays, RBS, HSBC and Standard Chartered all powering higher as, following last week's robus
Read moreFTSE 100 movers: Financial companies' rises offset IHG and utility falls
9th Nov 2015 14:10
(ShareCast News) - The FTSE 100 started the day on a high but slowly started to sink into the red, with the market down 4.22 (0.07%) by mid-afternoon to 6,349.61 despite a strong performance from financials. Aberdeen Asset Management, Standard Chartered, Barclays and HSBC were all boosted by the ri
Read moreBarclays appoints Standard Life's Gerry Grimstone as deputy chairman
9th Nov 2015 14:01
(ShareCast News) - Barclays said Standard Life chairman Sir Gerry Grimstone will succeed Sir Michael Rake as senior independent director and deputy chairman with effect from January next year. Rake, who announced in July that he was leaving the bank to become chairman of payments processor Worldpay,
Read moreNew Barclays chief backs bank to the tune of GBP6.5m
5th Nov 2015 15:34
(ShareCast News) - A month before starting his new job, Jes Staley is already stumping up his own cash to back his new employer Barclays. The chief executive-designate purchased 2.79m shares at a total cost of £6.5m. The former JP Morgan investment banking head was appointed to lead the company lat
Read moreBroker tips: Barclays, Cineworld, BT Group
30th Oct 2015 12:01
(ShareCast News) - Analysts at Goldman Sachs lowered their target price for shares of Barclays after the group guided to above consensus on costs, but gave short shrift to concerns about the now lower target from the lender for return-on -equity. The banking group lowered its target for return-on-eq
Read more