Barclays PLC (LSE:BARC) has re-started talk Brookfield about a sale of a stake in the merchants part of its payments business to the Canadian fund manager according to Sky News. The UK bank, which reports third-quarter numbers on Thursday, is looking at divesting a majority stake having failed to sell the whole business earlier in the year.
Banks in the UK have the best outlook of all those based in Europe, according to analysts at Panmure Liberum ahead of the start of the third quarter reporting season tomorrow. European banks have been the best-performing sector this year with total returns of more than 30%, notes the broker, helped by earnings upgrades during the year.
Citi analysts have highlighted Barclays PLC (LSE:BARC) and the London Stock Exchange Group PLC (LSE:LSEG) as top picks in the investment banking and exchanges sectors, respectively, in preparation for the third-quarter earnings season. Citi noted generally bullish third-quarter trading trends, with analysts stating: “The third quarter saw healthy capital markets volumes, buoyed by a number of events including shifting expectations on timing and magnitude of Fed cuts, the (Bank of Japan) pivot and on China stimulus package.
Julian Mitchell, Barclays managing director, joins CNBC's 'The Exchange' to discuss US-Mexico tariff winning and losing stocks, what higher tariffs could mean for the economy, and more.
Lloyds Banking Group PLC (LSE:LLOY) and Barclays PLC (LSE:BARC) have followed NatWest in hiking mortgage rates, despite expectations that Bank of England will lower borrowing costs over the next two months. From tomorrow, Halifax, the UK's biggest mortgage lender and part of FTSE 100-listed Lloyds, will raise increases on two-year and five-year fixed mortgages by between 0.11% and 0.24%.
UK growth will come from loosening restrictions, according to Barclays CEO C.S. Venkatakrishnan.
Barclays US Consumer Bank will become the exclusive issuer of General Motors' GM Rewards Mastercard and GM Business Mastercard in the United States in the summer of 2025 and will acquire the card program's receivables from the current issuer — Goldman Sachs — next year.
Economic secretary Tulip Siddiq has stated that Labour will scale back the ring-fencing rules imposed on banks and financial institutions following the global financial crisis of 2007-08. These rules were implemented through the Financial Services (Banking Reform) Act 2013 in response to the banks' high-risk investing activities that caused the global financial crisis.
Adrienne Yih, Barclays analyst, joins 'Squawk Box' to discuss the new leadership team at Nike, the challenges facing new CEO Elliott Hill, and more.
Barclays PLC (LSE:BARC) is among the top picks in the European financial sector, according to a new research note from JP Morgan (JPM). It highlights Barclays and Deutsche Bank (DBK) as key players set to benefit from trends in investment banking seen in the recent results from the US.
General Motors and Barclays have signed a long-term credit card partnership agreement, the companies said on Monday.
Barclays upgraded CVS Health Inc CVS on higher Pharmacy & Consumer Wellness (PCW) estimates as headwinds are offset by share gains, with further upside potential from CostVantage.