Barclays PLC Sponsored ADR (BCS)
Barclays top pick among UK banking stocks, says UBS
UBS analysts remain positive on UK bank stocks over their European counterparts, with a particular bias for Barclays PLC (LSE:BARC). In a broker note published on Tuesday, UBS highlighted UK banks' solid earnings season and an improved outlook, citing increasing net interest income driven by structural hedges.
Bank outages fixed after users left frozen out on payday
Pay.uk, the body which oversees Britain's retail payments, has revealed the technical issue which prevented bank users from being able to send payments and receive their monthly salaries has been fixed. A spokesperson said: "We are aware that a small number of faster payments were delayed or not processed earlier today.
Barclays to cut mortgage rates; rivals predicted to follow
Barclays PLC (LSE:BARC) is cutting rates on several mortgage offerings, opening the door for other lenders to follow suit. Starting tomorrow, some of the bank's new deals include: Two-year fixed deal with 90% LTV and no product fee at 5.48% from 5.76% Two-year fixed deal with 60% LTV and no product fee at 4.88% from 5.13% Five-year fixed deal with 90% and a £999 product fee at 4.85& from 4.90% Riz Malik at R3 Mortgages said: "Barclays is the first lender of the week to improve selected mortgage products but my suspicion is that it won't be the last.
It's a tough call to buy stocks at these levels. But they're a better option than bonds, says Barclays.
Being long equities is no longer an easy decision. But it is even harder to love bonds at these levels.
Barclays corporate bank ambitions underline appeal, suggests broker
Barclays has told City analysts it remains optimistic about growing its UK Corporate Bank, which accounted for 7% of profits last year. According to Barclays, currently, it has a 22% share of relevant corporate deposits but only a 9% share of relevant corporate lending and wants this latter number to increase.
Barclays' UK corporate bank to cut 100 mln pounds of costs by 2026
Barclays will cut about 100 million pounds ($127 million) of annual costs from its UK corporate banking business by 2026, it said on Tuesday, as part of wider cost-cutting plans announced in February.
Barclays (BCS) Asked to Review Exposure to Leveraged Finance
The PRA asks Barclays (BCS) to review its exposure to leveraged finance as part of an industry-wide probe into lenders' exposure to the private equity industry.
Barclay's Suspends Sponsorship Partnership With Live Nation For All 2024 UK Music Festivals
Surrendering to pressure from several music acts and an ad-hoc movement, Barclays has suspended its sponsorship of all 2024 music festivals organized by Live Nation in the UK. The festivals now without Barclays backing include such popular events such as Download, Latitude, and the Isle of Wight Festival, according to Business Matters.
Barclays suspends sponsorship of Live Nation music festivals after acts quit over Israel ties
The suspension comes after several artists, including country singer CMAT, metal band Ithaca and comedian Joanne McNally, pulled out of the events.
Barclays told to measure private equity exposure
Barclays to explain its exposure to the private equity sector as concerns increase about how much has been lent to finance leveraged or highly debt-funded deals. According to a report by Bloomberg, the UK bank has been told by the Prudential Regulation Authority, the Bank of England's financial sector regulator, to commission a section 166 review of the business.
Barclays asked by watchdog to review private equity exposure, source says
Britain's Prudential Regulation Authority (PRA) has asked Barclays to review its exposure to leveraged finance, a source familiar with the matter said on Friday, part of an industry-wide probe into lenders' exposure to the private equity industry.
Barclays stock downgraded, but still attractive - here's why
RBC Capital Markets has revised its price target for Barclays PLC (LSE:BARC), reducing it from 260 pence to 250 pence citing a combination the investment banking exerting a drag along with higher expenses. Despite this reduction, RBC maintains its "outperform" rating for Barclays, reflecting confidence in the bank's long-term prospects.
