Barclays PLC Sponsored ADR (BCS)
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.
Barclays' (BCS) Strategic Efforts Aid Amid Capital Markets Woes
Barclays' (BCS) efforts to reduce costs and its strategic buyouts are likely to aid growth. Solid capital distributions are another positive.
Barclays (BCS) is a Top Dividend Stock Right Now: Should You Buy?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Barclays (BCS) have what it takes?
3 Sorry Bank Stocks to Sell in May While You Still Can
Bank stocks in the U.S. have staged a nice recovery. The S&P Banks Select Industry Index is up 33% over the past 12 months, outperforming a 26% gain in the benchmark S&P 500 index over the same period.
CIBC hires Barclays veteran to expand leveraged finance business
Canadian Imperial Bank of Commerce (CIBC) has hired Brad Aston, a veteran of nearly two decades at Barclays , as the global head of leveraged finance in its capital markets unit, according to a memo seen by Reuters on Tuesday.
