Barclays to speed up cost-cuts after new mis-selling hit
Barclays` new executive chairman sought to stamp his mark on the bank on Wednesday by accelerating the sale of assets and cost cutting, after the group reported an 12 percent rise in profit and another big charge to compensate customers.
Jul 29, 2015, 17:43 PM IST
Barclays profits jump 45% awaiting new CEO
Barclays increased net profits by 43 percent in the first half as cost-cutting and higher revenue offset provisions for settling a series of scandals, the troubled British bank announced Wednesday.
Jul 29, 2015, 14:27 PM IST
Barclays plans to cut more than 30,000 jobs: Report
These job cuts are likely to affect staff at middle and back office operations, where largest savings are achieved, the Times said.
Jul 20, 2015, 08:29 AM IST
Barclays investment bank in firing line despite change at top
Any investment bankers hoping for an easier ride at British bank Barclays after Chief Executive Antony Jenkins was ousted last week may be in for a surprise.
Jul 14, 2015, 13:02 PM IST
Barclays axes CEO Jenkins to accelerate strategic change
British lender Barclays has ousted Chief Executive Antony Jenkins after three years in the post, saying on Wednesday it had decided new blood would help accelerate strategic change at the bank and boost shareholder returns.
Jul 08, 2015, 13:26 PM IST
RIL, HDFC Bank, DRL in Barclays' global stock picks
Reliance Industries Ltd (RIL), HDFC Bank and Dr Reddy's Laboratories are the only three Indian firms to figure in Barclays' top 111 stock picks from across the world for 2015.
Jun 30, 2015, 21:32 PM IST
Major banks admit guilt in forex probe, fined $6 bn
Four major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and six banks were fined a total of nearly $6 billion in a settlement that substantially ends a global probe into misconduct in the $5-trillion-a-day market.
May 20, 2015, 22:41 PM IST
Forex rigging settlements now seen next week
Five major banks are expected to settle with US and British authorities next week for their role in rigging the foreign exchange market, a source told AFP Tuesday.
May 12, 2015, 23:41 PM IST
Barclays launches 100 million pound fund for fast growth UK tech firms
Barclays launched a new 100 million pound ($154 million) fund on Friday to lend cash to fast growing British technology firms who may not want to sell an equity stake.
May 01, 2015, 13:03 PM IST
Barclays bank warns forex charge could top £2 billion
Scandal-hit bank Barclays warned Wednesday that fines over its alleged role in foreign exchange market rigging could top £2.0 billion ($3.1 billion, 2.8 billion euros), after posting plunging first-quarter net profits.
Apr 29, 2015, 17:49 PM IST
Barclays bank Q1 profits halve, takes new forex charge
Net profit or earnings after taxation sank 52 percent to £465 million in the three months to the end of March compared with a year earlier, Barclays said in a results statement.
Apr 29, 2015, 14:20 PM IST
Barclays takes extra $1.2 billion hit for potential forex settlements
Barclays said it had now set aside 2.05 billion pounds ($3.2 billion) to cover any settlement, after the extra provision to reflect "developments with certain authorities" since it last reported in March.
Apr 29, 2015, 13:27 PM IST
Oil dips on high supply, prices set to remain volatile
Oil prices dipped in early Asian trading on Wednesday as high production and stocks continued to undermine markets, and analysts said a rebound in prices this year remained fragile, with volatility set to persist.
Apr 29, 2015, 07:35 AM IST
Barclays raises crude oil price forecasts
Barclays raised its 2015 and 2016 average crude price forecasts on Tuesday, citing geopolitical tensions, unplanned production outages and lower natural gas prices in the United States.
Apr 28, 2015, 12:06 PM IST
Forex reserves to scale pass $380 bn this year: Barclays
British brokerage Barclays has said it sees the Reserve Bank continuing to shore up the forex reserves, which have been hitting new highs for many months, to the tune of USD 50 billion to take the overall kitty to over USD 380 billion by December.
Mar 12, 2015, 22:10 PM IST
Barclays bank slides into annual net loss
Barclays reported a loss after tax of £174 million ($268 million, 239 million euros) for 2014 compared with a net profit of £540 million the previous year.
Mar 03, 2015, 13:29 PM IST
Controlling shareholders to sell $300 million of shares in Hero MotoCorp
Controlling shareholders of Hero MotoCorp Ltd, India`s biggest maker of motorcycles and scooters, plan to sell $300 million worth of shares later in the day, according to a term sheet seen by Reuters.
Feb 18, 2015, 08:55 AM IST
UK`s top four lenders pass stress tests: Bank of England
Britain`s four biggest lenders have passed the Bank of England`s stress tests, which are designed to show their ability to withstand a new economic crisis, the central bank said on Tuesday.
Dec 16, 2014, 13:02 PM IST
RIL, TCS among Barclays' top 133 stock picks for 2015
Reliance Industries, TCS and Bharti Airtel are among the six Indian firms that figure in Barclays' top 133 stock picks from across the world for 2015.
Dec 08, 2014, 17:06 PM IST
RJio ties up with lenders for $1.5 billion loan facility
Telecom operator Reliance Jio Infocomm has arranged credit facilities worth USD 1.5 billion with lenders, including Bank of America and Barclays, to refinance existing loans.
Nov 17, 2014, 22:21 PM IST
