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Barclays News

10 Sep 2023

British Banking Giant Barclays May Slash Hundreds Of Jobs: Report

Earlier, top global brokerage firm Morgan Stanley laid off nearly 3,000 jobs in its second round of job cuts this year amid a continuing global meltdown.

28 Jul 2017

Barclays suffers $1.6 billion first-half loss from Africa sale

Barclays reported a 1.2 billion pound ($1.57 billion) attributable loss for the first half of the year, as it suffered a loss on the sale of its Africa business.

03 Jul 2017

Fraud charges: Ex-Barclays CEO appears in court

Accused over fraud charges, former Barclays chief executive John Varley appeared in a London court on Monday. It is the first time a boss of a global bank has faced charges arising from the 2008 financial crisis.

20 Jun 2017

Barclays, former bosses, charged over 2008 Qatar fundraising

Barclays said it was considering its position over the charges and awaited further information.

10 Apr 2017

Barclays, its CEO probed over whistleblower programme

Barclays today confirmed it was under investigation along with its CEO Jes Staley over his attempts to uncover the identity of a whistleblower within the British financial giant.

27 Oct 2016

Barclays bank takes $733 million hit over insurance mis-sell

British bank Barclays on Thursday said it had set aside an extra £600 million ($733 million, 672 million euros) to compensate customers mis-sold insurance, a day after rival Lloyds gave a similar update.

25 Sep 2016

Barclays looking at India as a fintech innovation hub

British lender Barclays is keen on being a research and development engine for financial services industry and is making significant investments in this space, according to Barclays India Chief Operating Officer Ram Gopal.

13 Jul 2016

HDFC Bank is now more valuable than major European peers

Beating major European peers, HDFC Bank has gone ahead to become highly valuable lending institution only behind five European banks with worth more than $45 billion (RS 3.012 lakh crore).

07 Jul 2016

Ex-Barclays traders sentenced to up to six years' jail in Libor case

Four former Barclays bankers were sentenced to between 33 months and six-and-a-half years in jail by a London judge on Thursday for conspiring to rig global benchmark interest rates.

06 Apr 2016

HSBC, RBS and Barclays plan to close 400 UK branches this year: Sources

Three of Britain`s largest banks are planning to close about 400 branches this year, according to people familiar with the situation, a new programme of closures that could leave thousands of customers without easy access to a bank.

01 Mar 2016

Barclays eyes Africa exit in bank shake-up

Barclays on Tuesday revealed a further shake-up of the beleaguered bank, unveiling plans to exit its African operations, as it seeks to restore its battered reputation under new leadership.

21 Jan 2016

Barclays slashes hundreds of investment banking jobs worldwide

The harsher-than-expected cuts are among the most sweeping worldwide culls by an investment bank in recent years, as Staley in common with peers at other European lenders moves to reduce costs amid a tough global environment for banks.

30 Dec 2015

Barclays in $13.75 million US settlement over mutual funds

Barclays Plc will pay more than $13.75 million to settle US regulatory charges that it let retail brokerage customers make unsuitable mutual fund transactions, including more than 6,100 fund switches, over a five-year period.

27 Dec 2015

CAD remains in check; likely to be less than $25 bn: Barclays

According to experts, a CAD up to 2.5 percent of GDP can be financed with the current level of foreign fund inflows and remittances.

03 Dec 2015

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.

06 Nov 2015

Barclays positive on economic prospects in India

Barclays also highlighted bank recapitalisation.

28 Oct 2015

UK bank Barclays names ex JP Morgan banker as new boss

Troubled British bank Barclays on Wednesday announced the appointment of former JP Morgan investment banker James Staley as its new chief executive.

06 Sep 2015

Barclays sees uptick Q2 growth on govt spending

The GDP growth is likely to strengthen, largely driven by an uptick in public spending. Moreover, consumption trends are also expected to remain "generally supportive", Barclays said in a research note.

31 Aug 2015

Barclays trims December Nifty target to 9,642

According to Barclays latest report, Indian earnings have now remained stuck in single-digit growth territory for the past three years.

21 Aug 2015

Barclays must face US class action over Libor

Barclays Plc shareholders who accused the British bank in a lawsuit of inflating its stock price by manipulating the interest rate known as Libor may pursue their case as a class action, a U.S. judge ruled on Thursday.

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