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Barclays not interested to operate as WOS: CEO Khanna

Barclays not interested to operate as WOS: CEO Khanna

British lender Barclays Plc Wednesday said it does not have any plans to operate as an wholly-owned subsidiary (WOS) in India, saying there are costs associated with it and the benefits which can accrue to an entity of its size do not make it a feasible model.

Barclays sells Italian branches to Mediobanca at a loss of $298.52 mn

Barclays sells Italian branches to Mediobanca at a loss of $298.52 mn

Barclays is to sell its Italian bank branches to CheBanca!, the retail arm of Mediobanca, and take a 200 million pound ($298.52 million) loss on the deal.

Britain fines Barclays 72 million pounds over 'elephant' deal

The Financial Conduct Authority said Barclays rushed through a huge 1.88-billion pounds transaction in order to secure fees from a number of very rich customers.

Barclays to speed up cost-cuts after new mis-selling hit

Barclays` new executive chairman sought to stamp his mark on the bank on Wednesday by accelerating the sale of assets and cost cutting, after the group reported an 12 percent rise in profit and another big charge to compensate customers.

Barclays plans to cut more than 30,000 jobs: Report

These job cuts are likely to affect staff at middle and back office operations, where largest savings are achieved, the Times said.

EPL to ditch sponsor from 2016-17 season

EPL to ditch sponsor from 2016-17 season

The English Premier League will not have a title sponsor from the 2016-17 season, the organisation revealed on Thursday.

US, Britain fine six top banks nearly $6 bn for forex, Libor abuses

The far-flung settlement included guilty pleas from Barclays Bank, JPMorgan Chase, Citicorp and the Royal Bank of Scotland for conspiring to manipulate the massive currency market, as well as a guilty plea from Switzerland`s UBS, for violating a prior settlement of Libor charges.

Barclays takes extra $1.2 billion hit for potential forex settlements

Barclays said it had now set aside 2.05 billion pounds ($3.2 billion) to cover any settlement, after the extra provision to reflect "developments with certain authorities" since it last reported in March.

Barclays bank slides into annual net loss

Barclays reported a loss after tax of £174 million ($268 million, 239 million euros) for 2014 compared with a net profit of £540 million the previous year.

Kin of dead US soldiers sue 5 banks over Iran dealings

Families of US soldiers killed in Iraq and soldiers wounded there in attacks linked to Iran sued five European banks Monday, alleging their business with Iran helped finance the attacks.

Barclays bank fined almost 38 million pounds: Regulator

Britain`s financial watchdog on Tuesday said it had fined Barclays bank almost 38 million pound for putting client assets at risk, dealing a further blow to the troubled lender.

Barclays' Asia investment bank head steps down amid global shake-up

Barclays had hired Ginsburg from Morgan Stanley in 2009.

Barclays to wield axe after more woe at investment arm

Britain`s scandal-hit Barclays bank revealed on Tuesday that first-quarter profit almost halved at its embattled investment banking arm, where the group is set to axe jobs in a major shake-up.

Barclays says expects small fall in quarterly profit

Barclays, struggling to restore its damaged image, said on Thursday it expected to announce a small drop in quarterly pre-tax profits when it formally updates the market next month.

Barclays bank reports return to profit, and bigger bonuses

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

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

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

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

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

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.