Barclays' boss treads finely in bank review

2014-04-16 10:04

Barclays' CEO Antony Jenkins is facing a high-wire act to overhaul the firm's investment bank.

UK's Barclays most complained-about bank

2014-04-09 14:55

Barclays Bank tops the list of the most complained-about British banks, although the number of grievances against financial services companies has fallen.

Barclays settles 'test case' before UK trial

2014-04-08 11:33

Barclays has reached a settlement with a UK care home operator weeks before the start of a court case that was seen as a test case.

UK steps up scrutiny of traders' activity

2014-03-31 14:23

Britain's financial industry watchdog plans to step up its scrutiny of banks' control over their traders following the benchmark rate rigging scandal.

Barclays awards top managers £32m in shares

2014-03-19 11:37

Barclays has given its top dozen executives nearly £32m in share awards as it faced a wave of shareholder criticism over its decision to raise bonuses last year.

Barclays to cut thousands of jobs

2014-03-14 10:11

Barclays is reportedly planning to axe thousands of jobs in a radical shakeup of its investment banking division and may replace top managers.

Barclays to slash 12 000 jobs

2014-02-11 12:08

Absa parent Barclays Plc expects to axe up to 12 000 jobs - 7 000 of them in the UK - to cut costs, but is also paying staff higher bonuses.

Barclays seen cutting more costs

2014-02-10 19:15

Barclays' lower-than-expected earnings of £5.2bn has raised expectations that the bank will step up cost cutting as investment bank earnings wane.

Barclays to shut hundreds of branches

2014-01-30 13:12

Barclays is planning to shut 400 UK branches, or a quarter of its network, as part of the bank's plan to cut costs, the Financial Times reports.

Ex-Barclays boss raises $325m

2013-12-17 14:48

Atlas Mara, a new investment company backed by the former boss of Barclays says it has raised $325m by listing on the London Stock Exchange.

Rigging scandal: €1.7bn fine for banks

2013-12-04 19:20

Six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup have been fined a record total of €1.71bn for rigging financial benchmarks.

Absa, Investec best for service excellence

2013-11-26 14:36

Absa and Investec have been honoured by the banking ombudsman for dispute resolution and service excellence in South Africa.

Barclays Europe retail aims for £500m profit

2013-11-18 11:56

Barclays' retail operations in Italy, Spain, France and Portugal will return to profit in two years and could deliver £500 million of annual earnings.

Banks hit by card fraud syndicate

2013-10-16 16:36

Banks have lost millions of rands due to an international fraud syndicate that stole card details from restaurant chains, the Payments Association of SA says.

Moves at Barclays Africa

2013-09-20 13:06

The Barclays Africa group chair has been appointed as a non-executive director of Barclays Plc and Barclays Bank Plc.

UK banks slow to pay out claims

2013-09-04 21:30

Britain's banks have paid out far less than anticipated set aside to compensate small firms about mis-selling claims.

UK banks allowed to cut cash holdings

2013-08-28 19:45

Britain's eight top lenders can cut their cash reserves by £90bn and use the funds to support economic growth, says Bank of England governor Mark Carney.

Barclays fights findings on Qatar deal

2013-07-31 12:18

Barclays says it is contesting the preliminary findings of a UK watchdog on its agreements with Qatari investors who led a rescue fundraising of the bank in 2008.

Barclays planning £5bn share sale

2013-07-30 07:48

Barclays is planning to issue about £5bn of new shares to help plug a £7bn capital shortfall triggered by new UK regulatory demands, sources say.

Barclays may get longer leverage deadline

2013-07-25 14:30

Barclays is said to be close to an agreement that would give it until the end of 2014 to improve its capital position, which may reduce the need to raise equity.

Gulf billionaire sells Barclays stake

2013-07-19 15:18

Abu Dhabi's Sheikh Mansour who injected $5.3bn in Barclays during the global financial crisis has sold his 7% stake in the bank.

Absa and Barclays clinch top accolade

2013-07-14 16:50

Absa and Barclays have scooped the ‘Best Debt House in Africa’ prize at an awards ceremony in London.

UK banks cut funds to Somalia

2013-06-24 22:12

Somali money transfer businesses have asked the British government to stop Barclays bank from closing their accounts in Britain.

UK backs jail time for reckless bankers

2013-06-19 17:28

Britain has supported a call for bankers who are reckless with customers' or taxpayers' money to face criminal charges and have bonuses and pensions clawed back.

Barclays slips on placement

2013-06-06 10:39

Absa's parent company Barclays bank has been among the top fallers after a share placement ahead of jobs data in the US.


Barclays to appoint new pay committee head

2014-04-15 09:56

Barclays, under fire from shareholders for raising bonuses despite a fall in profit, will appoint Crawford Gillies to its board, sources say.

Diamond poaches Barclays exec for Africa bank

2014-04-08 15:39

Ex-Barclays boss Bob Diamond has poached a former colleague from the bank to head a venture he wants to build into the leading bank in sub-Saharan Africa.

Barclays ex-boss makes offer for Zim bank

2014-04-01 13:34

Former Barclays chief executive officer Robert Diamond proposes to acquire ABC Holdings Limited through his company Atlas Mara Co-Nvest.

Barclays enters into deal with Chinese bank

2014-03-30 16:55

Barclays Group and China Development Bank Corporation have signed a Memorandum of Understanding on strategic cooperation in respect of business activities.

Banks to be hit with Microsoft costs

2014-03-14 19:52

Banks around the world will miss a deadline to upgrade outdated software for ATMs and face additional costs to Microsoft to keep them secure.

Investors frustrated by rising bank bonuses

2014-03-07 19:31

Banks are failing to rein in excessive payouts for staff below the boardroom level despite a public backlash against a bonus culture, say leading investors.

Impairments drop lifts Barclays Africa

2014-02-11 10:41

Barclays Africa Group has posted an expected 14% rise in full-year earnings, boosted chiefly by a drop in bad loan costs in its retail and commercial mortgages.

Barclays frets over whistleblower claims

2014-02-09 14:29

Barclays says it has launched an investigation after a newspaper reported that the personal details of 27 000 customers had been stolen and sold.

Barclays disposes interest in fund

2013-12-31 15:34

Barclays Africa Group has announced that it disposed its entire 73.37% stake in Absa Capital Private Equity Fund I to a syndicate led by HarbourVest Partners L.P.

Big banks see rich opportunities

2013-12-09 19:11

Providing the world's poorest with access to financial products is a major growth opportunity as the market for affluent clients becomes saturated, a report says.

Expo will boost investment - Dubai

2013-12-01 09:56

Dubai hopes that hosting Expo2020 will draw new investment to an economy still recovering from a debt crisis.

New centre for entrepreneurship

2013-11-21 19:04

The objective of the new center is to increase cooperation in the development of small businesses through the transfer of skills essential to survival.

Barclays compliance chief resigns due to stress

2013-11-14 08:36

UK bank Barclays says compliance chief and ex-regulator Hector Sants has resigned from the scandal-hit lender due to stress.

SA escapes Barclays cuts

2013-10-02 17:09

Because South Africa remains important for Barclays, it will remain unaffected by plans to curtail wealth management services in 130 countries.

Barclays close to new shares offer

2013-09-04 12:34

Barclays will launch a £5.8bn rights issue next week to help meet a regulatory demand to plug a hole in its balance sheet.

Barclays mulls sale of UAE business

2013-08-13 12:02

Barclays is reviewing its retail banking operations in the United Arab Emirates which could lead to a sale of the business, according to sources.

Absa shares tank

2013-07-30 13:58

Investors have turned somewhat of a cold shoulder towards Absa, with the share price plunging nearly 6% in lunch time trade.

Banks shiver as UBS swallows $885m fine

2013-07-26 13:35

UBS will pay $885m in a settlement with US regulators over allegations the Swiss bank misrepresented mortgage-backed bonds during the housing bubble.

Absa gets final nod for R18.3bn deal

2013-07-22 10:58

Absa has received the regulatory approval to acquire Barclays's African operations, clearing the final hurdle in the deal worth R18.3bn.

Barclays to fight $453m power fine in US

2013-07-17 13:10

Barclays will contest a record $453m fine imposed by a US energy regulator against itself and four of its power traders, setting up a likely federal court battle.

EU accuses top banks of collusion

2013-07-01 20:17

The European Commission suspects 13 banks including Barclays, Deutsche and Goldman Sachs of breaching EU antitrust rules over derivatives trading.

Barclays limits advice to R1.6m clients

2013-06-23 16:35

Barclays has reportedly stopped giving investment advice to customers with less than £100 000 (R1.6m) to invest.

Barclays seeking staff for new hub

2013-06-14 16:09

Absa's parent company Barclays is aiming to recruit up to 700 technology staff in the next 18 months at a new centre in the United States.

Barclays dragged into US laundering probe

2013-06-02 15:05

Barclays has been drawn into a global money laundering investigation after US prosecutors found that Liberty Reserve's founder had an account with the UK bank.

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