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Barclays bank reports return to profit, and bigger bonuses

Last Updated: Tuesday, February 11, 2014, 13:52

Scandal-hit Barclays bank returned to net profit in 2013 and said on Tuesday that staff will receive increased bonuses, a source of public anger against banks at the height of the financial crisis.

Eight held over $2 mn bank heist in London

Last Updated: Saturday, September 21, 2013, 10:47

At least eight people have been arrested in connection with a 1.3 million pounds (over $2 million) e-theft by a gang who took control of a Barclays Bank computer, BBC reported Friday.

CCI gives its consent to Kotak-Barclay deal

Last Updated: Thursday, January 24, 2013, 20:20

Barclays and Kotak had reached an agreement on the proposed deal in December, last year. Following this the entities had approached CCI for approval on January 2, 2013.

Essar Energy in pact with Barclays Bank

Last Updated: Wednesday, July 25, 2012, 16:07

Essar Energy plc Wednesday said its subsidiary Essar Oil UK has entered into new arrangements with Barclays Bank plc covering the supply of crude oil to its Stanlow refinery in the UK.

Barclays appoints Ashwin Chadha as wealth mgmt head

Last Updated: Monday, July 16, 2012, 22:46

Chadha joins the bank from Citi, where he was the country head for investment distribution, the bank said in a statement here Monday.

Barclays in tax row over India outsourcing

Last Updated: Sunday, July 08, 2012, 17:53

Under probe for rigging interest rates, Barclays bank has now been embroiled in a tax row that allegedly involved avoiding paying millions of pounds in tax in a deal in which it outsourced some of its computer services work to India and the Philippines.

NRI economist drawn into UK bank crisis

Last Updated: Tuesday, July 03, 2012, 21:08

Shriti Vadera, the Indian-origin economist who worked closely with former Prime Minister Gordon Brown, has come under focus in the latest scandal that has hit British banks, forcing the top leadership of Barclays to resign for rigging interest rates.

Barclays India to cut 600 jobs by Mar 2013

Last Updated: Thursday, June 21, 2012, 21:00

Barclays India will slash up to 600 positions by March next year as it cuts down on its lending activities, bank sources said here today.

Barclays eyes Spanish savings banks: Paper

Last Updated: Sunday, October 16, 2011, 23:00

British bank Barclays is looking at four Spanish cajas as a way of bolstering its position in the country's fragmented retail banking industry.

SSTL gets $200 mn loan from ICICI, Barclays Bank

Last Updated: Thursday, September 29, 2011, 13:18

Sistema Shyam TeleServices Ltd (SSTL), which offers telecom services under the MTS brand name, on Thursday received a loan totalling USD 200 million (nearly Rs 977 crore) from two banks, which will be used to further scale up its operations.

Barclays to hire 20 for India equities: Sources

Last Updated: Tuesday, August 23, 2011, 22:03

UK-based Barclays Bank will hire about 20 people for its newly launched equities business in India over the next couple of months, three sources with direct knowledge of the matter said on Tuesday.