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...England’s charities watchdog has criticised Barclays and other high street banks for closing the accounts of not-for-profit groups without warning at a time when they are under severe pressure from falling...
...Private-credit funds are on track for their outright decline in gross capital distributions for the first time since 2020, the bank points out: As Barclays puts it: In our view, the suppression in private...
...Barclays wants its investment bank to have more-or-less the same cost base and risk-weighted assets in 2026 as 2023, but says it will be generating between £2bn and £3bn more in revenues....
...Not including the group function, these will be: Barclays UK, private bank and wealth (which since 2021 has averaged 31 per cent Rote), the US consumer bank, the UK corporate bank and an independent investment...
...Barclays has resolved not to cave to critics who want to see the volatile and low-returning investment bank shrunk....
...The bank said that without that reduction, bonuses would be down 15 per cent this year. Barclays is one of the first banks to outline its cut to bonuses following a brutal year for investment banking....
...Next week, Barclays boss CS Venkatakrishnan — known as Venkat — must offer a plausible fix for this at the bank’s first strategy overhaul in almost a decade....
...But investors disagreed, worried that the sale left Barclays over dependent on the investment bank....
...Barclays’ UK consumer bank division generates the highest return on tangible equity, a key measure of profitability, while consuming much less capital than its investment bank, according to JPMorgan....
...Barclays announced new management for most of those divisions on Tuesday, with the investment bank being co-led by four people....
...Blackstone’s credit and insurance division will buy the US credit card receivables from Barclays for an undisclosed sum, and the bank will continue to service the accounts for a fee....
...In today’s newsletter: Barclays plots another revamp Two credit card giants combine Dell backs new private credit firm Barclays boss unveils his plan to revive the bank Barclays’ most important strategy...
...Barclays will from Wednesday offer a two-year fix at 4.17 per cent, down from 4.62 per cent, for borrowers with a 40 per cent deposit....
...Barclays chief executive CS Venkatakrishnan has called for the UK to create an economic development agency to drive long-term growth and depoliticise industrial policymaking....
...Julian Hofmann Barclays investment bankers sell up Two of Barclays’ top investment bankers have sold a combined £4.4mn in shares via nominees after the shares rose to a year high following the bank’s annual...
...In fairness to Barclays, it has gone further on green policy than some other banks, notably most of its US counterparts....
...Barclays has announced a plan to return £10bn to shareholders over the next three years as chief executive CS Venkatakrishnan attempts to revive the UK bank’s languishing share price....
...Barclays will pay CWG an undisclosed sum to be released from its obligations at the 12-storey building also known as 5 North Colonnade, formerly home to Barclays investment bank....
...Barclays said conditions were in place for Europe’s equity rally, which has kept pace with Wall Street so far this year, to continue....
...Barclays awarded smaller bonuses in 2023 and gave its chief executive a smaller pay package, as the UK bank sought to revamp its strategy and galvanise its share price....
...Cambridge and most of its 31 colleges bank either with Barclays or Lloyds, according to a bursar at one of the colleges....
...See this chart from Barclays: The bank estimates that roughly one-third of insurers had aggregate IMR losses as of 3Q2023. The longer-term average is 15 per cent....
...The figures are based on the responses it received from the big four UK high street banks — Barclays, HSBC, Lloyds and NatWest — as well as Handelsbanken, Metro, Santander and TSB....
...Aidan Barclay — the son of Sir David Barclay, who with his brother Sir Frederick created the Very Group from the former Littlewoods and Shop Direct businesses — will assume the role of non-executive chair...
...Barclays is exploring a plan to drop thousands of clients at its investment bank as part of a strategic overhaul that is meant to boost profits and cut £1bn of costs....
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