Barclays PLC Sponsored ADR (BCS)
Barclays Reportedly Struggling to Sell Merchant Payments Stake
Barclays is reportedly having trouble unloading a stake in its U.K. merchant payments unit. That's according to a report Friday (Sept.
Barclays struggling to sell stake in UK payments business, sources say
Barclays is finding it difficult to sell a stake in its British merchant payments business due to diverging views on its valuation, four people with knowledge of the matter told Reuters, complicating the bank's plans to revamp the unit.
UK banking capital rules relaxed by regulator, 'looks positive for sector'
UK bank shares were lifted after the regulator set out watered-down rules on the implementation of capital requirements and lending to small businesses, homeowners and for infrastructure projects. The Prudential Regulation Authority (PRA) published its 'near-final' ruling on how the so-called Basel III regime will be implemented for larger banks, which was initiated in the wake of the 2008 financial crisis to try and ensure banks had enough capital to absorb stress and avoid the need for further government bailouts.
Lloyds and Barclays lead banks higher as market welcomes watered down Basel rules
New rules to ease lending have been unveiled by the Bank of England with small businesses and mortgage funding set to get a boost. Shares in Lloyds Banking Group PLC (LSE:LLOY), Barclays, Natwest and HSBC all rose by more than 1% on the news, which follows years of wrangling on how much money banks needed to protect themselves from collapse after the 2008 financial crisis.
Britons sitting on £430bn of uninvested savings, Barclays finds
Savers in Britain are sitting on some £430 billion worth of uninvested cash, according to research from Barclays PLC (LSE:BARC). This places the roughly 13 million adults at risk of missing out on higher returns from putting their cash to work, the bank said in a report.
Zara owner underlines strengths with solid second quarter, says Barclays
Zara owner Inditex underlined its credentials with a steady second quarter numbers and strong trading currently, said analysts at Barclays. Second quarter numbers were slightly ahead of consensus, said the bank, with resilient top-line growth, increased profitability and lower inventory.
Report: Goldman Sachs to Sell GM Credit Card Business to Barclays
Goldman Sachs and Barclays reportedly have reached a deal on Goldman's $2 billion portfolio of loans made to General Motors customers. The deal is set to see Goldman Sachs sell the portfolio of loans to Barclays at a discount to the value of the outstanding balances, Bloomberg reported Tuesday (Sept.
Goldman Sachs nearing a deal to transfer GM credit card business to Barclays, source says
Goldman Sachs is close to finalizing a deal to transfer its General Motors credit card business to Barclays , a source familiar with the matter said on Tuesday.
The Toronto-Dominion Bank (TD) Barclays 22nd Annual Global Financial Services Conference (Transcript)
The Toronto-Dominion Bank (NYSE:TD ) Barclays 22nd Annual Global Financial Services Conference September 10, 2024 9:45 AM ET Company Participants Ray Chun - Group Head, Canadian Personal Banking Conference Call Participants Unidentified Analyst So good morning, everyone. Our third Canadian bank presentation this morning is from Toronto-Dominion Bank.
Barclays looks good on several fronts, says US bank
Barclays PLC (LSE:BARC) is looking good at the moment according to the analysts at JP Morgan, who see the UK bank as inexpensive with good capital return potential. Capital ratios (CT1 13.6% vs target of 13-14%) are healthy and share buybacks of £1.75bn are expected in 2024/25 and £2.5bn 2026, implying double-digit annual yields.
UK & EU banks 'in best shape of last 25 years' - Barclays a top pick for these analysts
UK and European banks are "in better shape than at any point" during the past 25 years, according to JPMorgan, and offer upside for investors. Overall, shares in the European and UK banks have risen 8% so far in 2024, with NatWest Group PLC (LSE:NWG), Barclays PLC (LSE:BARC) and Lloyds Banking Group PLC (LSE:LLOY) in the top three in the year to date.
Super Micro Stock Falls After Downgrade. Barclays Sees Risks.
A new price target also lines up more closely with the stock's recent levels, after its precipitous decline last month.
