Tag: Barclays

February 28, 2024

The deal with see the bank transfer the debt from its branded credit card programme in the US to Blackstone’s credit and insurance segments, which were consolidated last September. Barclays says the transaction is part of a move to release […]

January 9, 2024

Barclays’ ongoing effort to rein in expenses is the firm’s most significant cost-cutting plan since the 2008 financial crisis, according to SkyNews. The majority of the impacted jobs are within the bank’s support functions, reflecting the removal of management layers […]

September 11, 2023

Venkat is reportedly reviewing the bank’s strategy amid investor dissatisfaction with the lender’s stock price in relation to its Wall Street peers. Barclays has already seen an uptick in attrition among its dealmakers this year after the bank named new […]

December 15, 2022

Barclays says it arrived at the decision following “substantial interest and demand”. The move will see the bank’s Sustainable Impact Capital investment mandate increase from £175 million by 2025 to £500 million by 2027. “The success of the investments to […]

June 28, 2021

Deutsche Bank has seen head of group architecture, John Smith, depart to join IHS Markit. Smith arrived at Deutsche from NatWest Markets in March, but is headed out after less than four months. Once CIO at NatWest, Smith has a […]

October 23, 2020

The UK bank posted profit before tax of £1.1 billion, almost double the £507 million analysts had forecast. Provisions for bad loans at £607 million were also way below analyst expectation and 63% down on the previous quarter. However, the […]

August 18, 2020

Financial Times sources report that the departure of Roemer has occurred shortly after the creation of a set of “divisional risk officers.” The move is seen by some at the bank as undermining previous attempts to centralise responsibility for risk […]

August 12, 2020

Goldman Sachs Group Inc. is seeking to acquire General Motors Co.’s credit-card business, doubling down on consumer banking and betting on a future where people pay for gas, takeout and groceries from the driver’s seat. The Wall Street firm is […]

April 21, 2020

Backed by a UK Government guarantee, Barclays will provide lending of up to £50 million for firms with a turnover of over £250 million, and of up to £25 million for businesses with turnover from £45 million up to £250 […]

April 1, 2020

Some of the U.K.’s biggest lenders have agreed to scrap billions of pounds of payments to shareholders following pressure from the Bank of England (BOE). Barclays, Santander, Lloyds, NatWest, Standard Chartered and HSBC confirmed late on Tuesday that they will […]

September 17, 2019

Restaurant Brands closed a new term loan facility in an aggregate principal amount of $750 million and amended its existing revolving credit facility to provide for up to $1 billion of revolving extension of credit outstanding at any time. The […]

August 16, 2019

For Coinbase, the loss means it no longer has access to the UK Faster Payments Scheme (FPS), which allows customers to instantly withdraw and deposit sterling on its platform. The crypto exchange is now looking to replace Barclays with UK […]

July 25, 2019

Barclays is proving to be one of the early winners from the woes of German rival Deutsche Bank. The British bank, run by ex-J.P. Morgan executive Jes Staley, has persuaded hedge fund clients with $20 billion in balances at Deutsche […]

May 16, 2019

Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland have been fined a total of 1.07 billion euros ($1.2 billion) by EU antitrust regulators for rigging the spot foreign exchange market for 11 currencies. Swiss bank UBS was exempted […]

February 18, 2019

U.S. hedge fund Tiger Global Management has sold all of its stake in British bank Barclays, according to a report by the Financial Times. The New York-based hedge fund had been one of the top 10 investors in Barclays and […]

March 28, 2018

Iron Mountain, a storage and information management services company, closed on a $700 million syndicated term loan B facility, which matures in January 2026 and bears interest at LIBOR + 1.75%. The proceeds will be used to repay amounts outstanding […]

March 20, 2018

Artificial intelligence startup Digital Reasoning has raised $30 million from a group of major banks, in a round led by French bank BNP Paribas. The other investors include U.K.’s Barclays, Square Capital, Goldman Sachs, Nasdaq, Lemhi Ventures, HCA, and the […]

May 11, 2017

The SEC today said that Barclays (BCS) is required to pay $97 million to refund advisory fees or mutual fund sales charges to clients who were overcharged. The agency said that the London-based bank agreed to settle three sets of […]

April 11, 2017

Barclays plc (BCS) shares extended declines Tuesday amid reports of a Department of Justice probe into attempts by CEO Jes Staley to reveal the author of a letter that criticised the hiring of a senior bank executive. The New York […]

June 13, 2016

iStar has engaged JPMorgan, Barclays Capital and Bank of America Merrill Lynch to arrange a $450 million senior secured term loan facility. Read More on ABF Journal