French reinsurer Scor and UK bank Barclays reach settlement over earlier dispute
2 months ago
Barclays Says 14.04% Of Votes Cast In Favour Of Market Forces Climate Change Resolution At AGM
2 months ago
Barclays Says Expects Growth In Unsecured Lending Balances
About Barclays PLC
Barclays PLC is a holding company. The Company, through its subsidiaries, is a transatlantic consumer and wholesale bank with global reach offering products and services across personal, corporate and investment banking, credit cards and wealth management, anchored in the Company’s two home markets of the United Kingdom and the United States. The Company is organized into two business divisions: the Barclays UK division (Barclays UK) and the Barclays International division (Barclays International). Barclays UK offers everyday products and services to retail customers and small- to medium-sized enterprises based in the United Kingdom. Barclays UK is the ring-fenced bank for the United Kingdom, providing transactional, lending and investment products and services to Wealth and Business Banking customers and clients. Barclays International includes the corporate and Investment Bank, and Consumer, Cards and Payments.
Investment banks are shifting more rainmakers out of London to financial centres across the European Union, accelerating the pace of moves after the pandemic and uncertainty over Britain's access to the bloc slowed relocations.
British climate activist Gail Bradbrook, co-founder of the Extinction Rebellion group, was arrested at home on Tuesday for conspiracy to cause criminal damage and fraud after her group attacked banks such as HSBC and Barclays.
Barclays has funded 1 million pounds ($1.4 million) worth of medical supplies for India in the last week, as British banks with big operations in the country increase support to their own staff and wider communities.
India's accelerated vaccination drive may limit the economic disruption caused by a resurgence in COVID-19 cases, Barclays said in a note on Monday, although it warned that shortages in vaccine supply could weigh on the campaign's progress.
Electric vehicle battery startup Britishvolt is considering going public, possibly through a merger with a special purpose acquisition company (SPAC), it said on Thursday, as it continues fundraising for a 2.6 billion pound ($3.59 billion) plant in England.
JPMorgan Chase & Co's head of Southeast M&A, Ee Ching Tay, has resigned from the bank to lead Southeast Asia investment banking at Barclays Plc, three sources aware of the matter told Reuters on Tuesday.
A judge ruled Barclays will have to pay its own 33 million pound ($46.09 million) legal bill despite winning a case against British businesswoman Amanda Staveley's PCP Capital Group over how the bank negotiated a financial lifeline during the credit crisis in 2008.
A judge ruled British businesswoman Amanda Staveley's PCP Capital Group and Barclays will have to pay their own legal costs, after Stavely lost her case against Barclays over how it negotiated a financial lifeline during the credit crisis in 2008.
Britain's big four banks amassed more than 200 billion pounds ($277.52 billion) of new deposits last year as customers reined in spending through pandemic lockdowns, far outstripping extra lending to struggling businesses and households.
A London High Court judge on Friday found Barclays guilty of "serious deceit" over how it negotiated a financial lifeline with Amanda Staveley during the credit crisis in 2008, but denied the businesswoman damages and dismissed her claim.
British businesswoman Amanda Staveley has lost a long and bitter London court battle against Barclays over whether she is owed damages after alleging she was deceived while negotiating a financial lifeline for the bank in 2008.
Barclays raised its 2021 oil price forecast on Thursday, citing weaker than expected supply response from U.S. producers to higher prices and normalizing inventories after last week's cold storm in Texas.
HSBC and Barclays, which have pledged to stop financing new coal projects, have been challenged by a legal group over a Japanese bond it says will contribute to the financing of coal-fired power in Vietnam.
Barclays has resumed modest shareholder payouts after a year-long hiatus due to the COVID-19 pandemic, setting expectations other British lenders will follow suit when they report 2020 earnings in the next few days.
Barclays' annual profit in 2020 fell by half, the bank reported on Thursday, much less than feared as a strong performance by its investment bank offset provisions against bad loans from the economic fallout of the COVID-19 pandemic.
Working from home has been surprisingly successful for global banks during the first year of the coronavirus pandemic but is losing its effectiveness, two prominent industry executives said on Tuesday at a virtual meeting of the World Economic Forum.
Two former Barclays bankers, jailed in Britain for conspiring to rig Euribor interest rates, have lost an attempt to overturn their convictions because of alleged juror bias and errors by the trial judge, the Serious Fraud Office said on Wednesday.
7 months ago
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