Barclays PLC Sponsored ADR (BCS)
Barclays says ex-PIMCO boss El-Erian to step down from board
Former PIMCO CEO Mohamed A. El-Erian will step down from the board of Barclays , the British bank said on Friday, following his appointment as chair of sportswear brand Under Armour Inc.
Lloyds, Barclays, NatWest and HSBC shares fall as IT outage impacts banks
Shares in Lloyds Banking Group PLC (LSE:LLOY), Barclays PLC (LSE:BARC), NatWest Group PLC (LSE:NWG) and HSBC Holdings PLC (LSE:HSBA) all traded lower in Friday's early deals amidst uncertainty over the potential disruptions caused by a global IT outage. A cloud services outage overnight caused chaos in the US.
3 Stocks Worth a Look From the Prospering Foreign Banks Industry
Despite concerns related to high restructuring costs, Zacks Foreign Bank industry stocks like HSBC, BCS and DB will benefit from higher rates.
Barclays aims to triple staff across key Asia wealth markets, Bloomberg News reports
UK's Barclays plans a major hiring spree in Asia to expand client assets over the next few years, focusing on the ultra rich and family offices in India and Singapore, Bloomberg News reported on Wednesday, citing a Barclays executive.
Labour announces seven-billion-pound National Wealth Fund
Labour chancellor Rachel Reeves has earmarked £7.3 billion in state funding for a new ‘National Wealth Fund' targeted at private-sector businesses. Announcing the plans alongside a nine-strong taskforce at Number 11, Reeves stated: “I have previously committed to establishing a National Wealth Fund.
Barclays' (BCS) Restructuring Aids in Uncertain Capital Market
Business restructuring and simplification efforts will likely keep aiding Barclays' (BCS) bottom line. Yet, uncertainty about the performance of the capital markets is worrisome.
Ex Barclays banker challenges watchdog in "fit and proper" dispute
A former senior Barclays banker, who was acquitted of fraud charges in 2020, challenged Britain's Financial Conduct Authority (FCA) in a London tribunal on Monday over the FCA's refusal to authorise him for senior financial positions.
Lloyds, Barclays and Natwest have little to fear from new government, Citi suggests
This Labour government poses little threat to the UK banks, according to analysts as Wall St bank Citi. Near-term implications from a Labour government are limited, Citi adds, with this quarter tipped to mark the trough for UK domestic bank NIMs [net interest margins].
Barclays (BCS) to Sell German Consumer Finance Business
In sync with its plan outlined in February, Barclays (BCS) announces the sale of its German consumer finance business. The deal will free up substantial capital and strengthen its balance sheet.
Barclays, HSBC and other lenders cut mortgage rates again
Some of the UK's largest high-street banks have begun cutting mortgage rates as they look to take advantage of the pent-up demand after the election and when base rates are cut. Both HSBC Holdings PLC (LSE:HSBA) and Barclays PLC (LSE:BARC) reduced their rates for the second time in as many weeks, with the latest changes set to come into effect tomorrow.
Barclays sells German consumer banking business
Barclays PLC (LSE:BARC) has struck a deal to offload its German consumer banking business to Austrian bank Bawag for a "small premium to net assets", but said the sale would not increase how much capital it would return to shareholders. The cash sale of Hamburg-based Consumer Bank Europe is expected to release around €4 billion (£3.4 billion) of risk weighted assets, increasing its CET1 capital ratio by roughly 10 basis points on completion, which is expected within six to nine months.
UK's Barclays to sell German consumer finance business
Barclays has agreed to sell its German consumer finance business to Austrian bank BAWAG Group AG for a "small premium to net assets", payable in cash, it said on Thursday, as the British lender aims to simplify its business.
