Barclays expands flexible banking format
30th Jan 2023 12:25
(Sharecast News) - Barclays expanded its flexible banking formats strategy on Monday as the lender looks to evolve its physical footprint in response to "changing customer needs".
Read moreJohn Kingman named Barclays UK chair
23rd Jan 2023 09:50
(Sharecast News) - Barclays has named John Kingman, a former senior Treasury official, as chair of its UK bank.
Read moreBerenberg says concerns around Barclays's investment bank revenues and credit card losses excessive
23rd Jan 2023 09:20
(Sharecast News) - Analysts at Berenberg reiterated their 'buy' recommendation for shares of Barclays, pointing to the outlook for the lender's returns on tangible equity and low valuation versus peers.
Read moreJPMorgan upgrades Barclays, downgrades Lloyds
6th Dec 2022 08:53
(Sharecast News) - JPMorgan Cazenove rejigged its ratings on UK and European bank stocks on Tuesday as it turned more cautious on the sector relative to consensus, arguing that slower economic growth will weigh on sentiment.
Read morePSR fines Barclays for failure to comply with interchange fee regulation
1st Dec 2022 13:07
(Sharecast News) - The Payment Systems Regulator has fined banking giant Barclays for failing to provide retailers with full information regarding the costs of its card services.
Read moreBarclays 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.
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