Barclays ditches cashiers as it shifts to digital July 11, 2014 The face of high street banking is changing, and Barclays has decided to drop the role of traditional cashier as customers increasingly adopt digital services for managing their finances. The British bank has announced that it will be moving 6,500 employees from cashier roles to advisory roles, where they will help customers with managing [...]
Barclays appoints Matthew Ponsonby as new European M&A boss July 8, 2014 Barclays has shuffled its top dealmaking staff, naming Matthew Ponsonby has the new head of European mergers and acquisitions following the departure of Mark Warham. Ponsonby held the role as co-head until 2013 when he became chief operating officer for banking. Gary Posternack will be global head of M&A.
Ex-Barclays boss Bob Diamond joins Twitter July 7, 2014 Bob Diamond, the former boss of Barclays bank, has joined Twitter using the name @rediamondjr. The ex-Barclays chief, who departed the bank in 2012 amid the Libor scandal, has yet to tweet but is already following three people. Perhaps wanting to build a better relationship with the media that lay much of the blame for [...]
Customers complain after Barclays system failure July 4, 2014 This afternoon, customers of Barclays bank were unable to withdraw cash from machines or use their online banking service. The problem, which is thought to have arisen at around 3pm, has resulted in a surge of complaints on Twitter. In response, Barclays bank posted a tweet letting customers know that they were dealing [...]
St Antony tells Barclays executives to go back to school to avoid fresh scandals July 3, 2014 HUNDREDS of managing directors are going back to school for courses on compliance, risk and crime prevention, Barclays announced yesterday, in the wake of a series of scandals which have devastated the bank’s reputation. Barclays is spending tens of millions of pounds on a new tie-up with the Cambridge Judge Business School. It hopes all [...]
Silicon Roundabout guru Tim Luke back to Barclays’ investment bank July 1, 2014 Top technology analyst Tim Luke is heading back to Barclays this month, the bank announced last night, after three years as an adviser to Prime Minister David Cameron. Luke has been re-hired by the bank as managing director and vice-president of technology, media and telecomms (TMT) in New York. He worked at Lehman Brothers and [...]
Barclays paid corporation taxes worth 53 per cent of 2013 profits June 30, 2014 Barclays paid tax of 53 per cent on its profits last year, according to data published today. It made a pre-tax profit of £2.87bn, but paid corporation taxes of £1.56bn across the world. British taxes were only a small proportion of that – it reported profits of £4.87bn in the UK but corporation taxes of [...]
Barclays case to shine more light on dark pools June 30, 2014 DARK pools could be forced to publish more information to investors following the claims made against Barclays in the US, a top finance professor has predicted. The private exchanges can benefit investors by limiting the amount of information published, allowing them to keep their investment decisions quiet and avoid moving markets with big sales or [...]
Barclays’ Antony Jenkins must show dealmakers some love June 30, 2014 On the day that Barclays felt the full brunt of allegations about its so-called “dark pools” from a New York attorney general, its corporate finance arm in Europe was reporting a significant success. The London Stock Exchange (LSE) announced a merger deal and with it a near £1bn rights issue, solely underwritten by Barclays. This [...]
Barclays’ Antony Jenkins under fire as share price plunges 6.52 per cent June 26, 2014 Barclays shares dived yesterday as shareholders panicked that the lender could face another huge legal bill over claims it lied to investors using its dark pool trading facilities. It is the latest in a series of scandals hitting the bank, and these claims are particularly damaging as the alleged wrongdoing occurred on the [...]