Barclays and Citi reportedly prepare for investment bank job cuts amid dealmaking slump March 21, 2024 Banking giants Barclays and Citigroup are reportedly preparing to cut jobs in their investment banking divisions as the sector grapples with a slowdown in dealmaking.
Barclays reportedly in talks with Metro Bank to buy £3bn mortgage portfolio November 27, 2023 Barclays is reportedly in exclusive talks to buy a £3bn residential mortgage book from Metro Bank as the troubled lender's shareholders prepare to vote on a £925m refinancing package later today.
Barclays calls on UK to ‘break down barriers’ keeping £430bn from capital markets September 11, 2024 Barclays has warned that UK capital markets are missing out on £430bn in cash deposits as it called on authorities to create a "more balanced environment" for banks to support potential investors.
Ministers urged to deploy national security laws over Barclay Telegraph bid November 19, 2023 Ministers have been urged to deploy the UK’s national security laws over the Barclay family’s UAE-backed bid to buy back the Telegraph newspaper.
Barclays embarks on biggest shake-up since financial crisis after difficult decade February 20, 2024 Barclays has sought to draw a line under a difficult decade with a marathon investor presentation laying out a three-year plan to restructure the bank.
Barclays chief CS Venkat: ‘We are creating a simpler, better, more balanced bank’ February 20, 2024 Barclays chief executive CS "Venkat" Venkatakrishnan has announced that the bank will become "simpler, better and more balanced" in a much-anticipated update on its restructuring plans.
Barclays plans to return £10bn to shareholders and cut £2bn in costs by 2026 February 20, 2024 Barclays has unveiled a drop in annual profits as the bank undergoes a sweeping restructuring designed to save £2bn in costs and return £10bn to shareholders by 2026.
Bank of England should become more like the Fed to stem bond losses, Barclays says July 2, 2024 The Treasury is having to shoulder heavy losses from QE, which is attracting a lot of political attention given the parlous state of the public finances.
Barclays chair says ‘plenty of evidence’ it will meet climate targets as protesters removed from AGM May 9, 2024 Barclays' chair has defended its record on climate change, saying there is "plenty of concrete evidence" it is on track to meet its financed emissions targets, at a feisty annual meeting that saw a number of protestors removed.
Barclays starts to cut hundreds of jobs in cost-saving bid and investment bank shake-up May 1, 2024 Barclays has reportedly started cutting hundreds of roles, including at its investment bank, as the group looks to cut costs and improve its share price.