Barclays invests £294m to expand India operations August 26, 2021 Barclays has announced plans to invest more than 30bn rupees (£293.9m) in its India unit to expand operations. The infusion of capital will enable Barclays, which has operated in the Asia Pacific region for 50 years, to grow its Corporate and Investment Banking and Private Clients businesses. Barclays offers financing, advisory and risk management services [...]
Barclays invests £294m to expand India operations – CityAM : CityAM August 26, 2021 Barclays has announced plans to invest more than 30bn rupees (£293.9m) in its India unit to expand operations. The infusion of capital will enable Barclays, which has operated in the Asia Pacific region for 50 years, to grow its Corporate and Investment Banking and Private Clients businesses. Barclays offers financing, advisory and risk management services [...]
Citigroup forces UK junior bankers to take two weeks off by October August 25, 2021 Citigroup has asked its junior bankers across Europe, the Middle East and Africa (EMEA) to take two weeks off work by the end of September. The measures, introduced in July and first reported by Bloomberg, form part of the Wall Street giant’s bid to improve working conditions for its youngest employees. The bank is fighting [...]
Extinction Rebellion activists block Westminster roads August 24, 2021 On the second consecutive day of action Extinction Rebellion (XR) activists have occupied roads in Westminster, police have warned. In a tweet, the Met Police said that protestors are blocking roads around Parliament Street, Whitehall and Westminster. Officers are at the scene working to minimise disruption to traffic. At around 11am this morning, green rabble [...]
Lloyds hires Barclays exec to lead debt capital markets division August 23, 2021 Barclays exec Miray Muminoglu has been appointed as the new head of Lloyds Bank’s financial institutions debt capital markets and securitised products group. Muminoglu, who currently works as managing director, head of term funding within Barclays’ group treasury unit, will join Lloyds Bank in London this November, reported Financial News. Muminoglu has over 30 years [...]
Argo Blockchain prepares for Nasdaq listing August 20, 2021 Argo blockchain, the only London listed crypto mining company, is planning to sell shares on the US-based Nasdaq exchange. In a filing made to the US Securities and Exchange Commission, the company today confirmed its intention to list American Depositary Shares (ADS) on the Nasdaq exchange. According to the filing, Jeffries and Barclays will be [...]
London’s newly-listed LendInvest scores £150m partnership with Barclays and HSBC August 16, 2021 Property finance asset manager LendInvest has announced a £150m lending collaboration with two of Britain’s biggest banks, just weeks after its £255m IPO on London’s AIM index. The new tie-up is geared towards financing UK property entrepreneurs and will see the British banks provide funding for short-term mortgages through LendInvest’s digital platform. It’s the first [...]
The Very Group owners select trio of banks for £4bn float August 13, 2021 The owners of fashion retailer The Very Group have selected a trio of investment banks to organise a £4bn flotation. Banks Barclays, Morgan Stanley and UBS have been appointed to coordinate an initial public offering (IPO) to take place next year, according to Sky News. This would mark the first time the Barclay family – [...]
Exclusive: 1.8m UK adults have become day traders during the pandemic August 11, 2021 Nearly 1.8m adults in the UK have become day traders during the pandemic, pouring into stocks and digital currencies from the comfort of their own homes with varying success, according to new research. Of those that have dipped their toes in the risky business of day trading during the pandemic, 50 per cent said they’d [...]
Virgin Atlantic prepares for stock market listing August 9, 2021 Sir Richard Branson’s Virgin Atlantic Airways is planning to list on the London Stock Exchange in a bid to raise capital as international travel makes a recovery. The UK-based airline is understood to have been presenting to fund managers about the listing which could occur as early as the Autumn. The company sustained losses of [...]