Barclays share price climbs after board sacks Antony Jenkins in favour of boss with “new set of skills” July 8, 2015 Barclays chief executive Antony Jenkins has been sacked, with the bank's board saying it seeks a leader with "a new set of skills". Jenkins – who some dubbed the "nice guy of banking" – will leave the business on 17 July, when John McFarlane picks up the reins as executive chairman. A search [...]
Barclays cheque scanning tech leaves other banks in the past July 2, 2015 Barclays customers are ahead of the curve when it comes to financial technology, as the bank’s secure cheque-scanning service was made available to all smartphone customers yesterday. Cheque imaging, which iPhone-owning Barclays clients have been able to use since last year, allows anyone using their banking app to pay a cheque into an account [...]
The Banker’s top 1,000 world banks 2015: UK lenders slide down rankings as Chinese institutions move up June 29, 2015 UK banks continue to lose their global position as Chinese banks power ahead, according to The Banker’s latest ranking of the Top 1,000 banks. HSBC fell from fifth place to ninth, Barclays from 12th to 13th and Royal Bank of Scotland from 15th to 18th as they restructured and slimmed down in the wake [...]
New FCA and PRA bonus clawback rules: The UK now has the toughest bank pay rules in the world June 23, 2015 New rules to claw back bankers’ bonuses for up to 10 years threaten to undermine London’s appeal to international financiers, consultants warned yesterday, in the latest salvo against big banks from UK regulators. Read more: Bank bonus clawback extended to 10 years by UK regulators The clawback rules comes amid growing tensions between [...]
The Premier League will have no sponsor for a season after failing to find £60m backer June 5, 2015 The Premier League will be without a title sponsor for a season after it parts ways with current backer Barclays next year. Read more: Fifa sponsors celebrate Sepp Blatter resignation The competition reportedly wants to be known simply as "The Premier League", replicating the "clean" brand image seen in American sports such as the NFL [...]
“Welcome to the jungle”: An email from a Barclays banker outlines the “10 commandments” for banking interns June 4, 2015 Are you one of the thousands of students and recent graduates preparing to spend the warm summer months toiling away in offices across the capital? Here's a bit of advice from one US banker – take a spare tie to work… Read more: More banks join bid to cut hours for junior staff That's according to [...]
Former Barclays chiefs Sir David Walker and Martin Taylor clash in Bank of England ringfence row June 3, 2015 A pair of big City beasts clashed yesterday over the incoming ringfence, designed to split retail from investment banking, one of the key structural reforms being introduced after the financial crisis. To make matters more juicy, they are both former bosses of Barclays. Sir David Walker, chairman from 2012, in the wake of the Libor [...]
Fifa crisis: UK banks HSBC, Barclays, and Standard Chartered get drawn into corruption scandal June 1, 2015 Three of Britain’s leading banks are conducting investigations into whether they cleared payments related to the ongoing Fifa corruption scandal. HSBC, Barclays, and Standard Chartered are all understood to have launched internal probes, after the FBI arrested current former Fifa executives and associates. Barclays and HSBC yesterday declined to comment. Standard Chartered said [...]
Fifa crisis: Barclays, HSBC and Standard Chartered to launch internal review following FBI investigation May 31, 2015 Barclays, HSBC and Standard Chartered are all believed to have launched internal investigations into their role in the Fifa corruption scandal that has engulfed world football this week. The British banks were all named in the US Department of Justice's (DOJ) lawsuit against 14 people – including nine Fifa officials – for racketeering, wire fraud and [...]
RBS joins Barclays in search for new corporate brokers May 28, 2015 Two of Britain’s biggest banks are both now searching for new corporate brokers, City A.M. understands, in a shake up of the sector’s relationships with the investing marketplace. UBS and Morgan Stanley are RBS’ current corporate brokers. UBS, it is understood, is highly unlikely to repitch for the role because of existing privatisation work it [...]