UK 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.
Read moreThursday preview: US Q2 GDP, Barclays in focus
27th Jul 2022 15:59
(Sharecast News) - Investors' attention on Thursday will be on whether the US entered a so-called 'technical' recession, widely defined as two consecutive quarters of negative growth, during the second quarter.
Read moreBarclays outlines plan to buy back $17.6bn in securities sold in error
25th Jul 2022 13:48
(Sharecast News) - UK bank Barclays on Monday outlined plans to buy back up to $17.6bn in securities that it sold by mistake after exceeding registered amounts under US regulations.
Read moreWeek ahead: FOMC meeting, Q2 earnings reports in the spotlight
22nd Jul 2022 13:01
(Sharecast News) - All eyes over the coming week will be on Wednesday's Federal Open Market Committee, as much for what it has to say on interest rates at the present meeting as well as for its guidance, together with a raft of corporate earnings reports on both sides of the Atlantic.
Read moreSix high street banks broke CMA information rules
22nd Jul 2022 11:07
(Sharecast News) - Six high street banks were found to have broken rules imposed by the Competition and Markets Authority under the Retail Banking Market Investigation Order 2017, it was revealed on Friday.
Read moreCredit Suisse sees value in UK Banks, Lloyds remains 'top pick'
5th Jul 2022 10:57
(Sharecast News) - Analysts at Credit Suisse sounded a bullish note for UK banks, explaining to clients that they now expected upgrades to lenders' guidance for net interest margins and net interest income.
Read moreUnite secures pay increase for 35,000 Barclays staff
30th Jun 2022 15:21
(Sharecast News) - Barclays has announced a pay rise for 35,000 of its lower-paid UK staff in customer-facing, branch and junior support roles to help with the cost-of-living crisis.
Read moreBoE's Bailey leaves door open to 50bp hike but says economy "at something of a turning point"
29th Jun 2022 15:24
(Sharecast News) - The head of the Bank of England walked a fine line between hawkishness and its gradual approach to interest rates up until now at the European Central Bank Forum in Sintra, Portugal.
Read moreBarclays to acquire UK lender Kensington Mortgage Company
24th Jun 2022 07:06
(Sharecast News) - Multinational bank Barclays has agreed to acquire UK specialist mortgage lender Kensington Mortgage Company as part of a deal valued at approximately £2.3bn.
Read moreBoE 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.
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