Barclays said on Thursday it hired Riaz Ladhabhoy, an investment banker from Deutsche Bank to be the co-head of internet banking in the Americas, a move that comes ahead of a wave of IPOs expected in the sector this year.
Barclays is a British multinational banking and financial services company headquartered in London, United Kingdom. It is a universal bank and is organised within two business 'clusters': Corporate & Investment Banking and Wealth Management, and Retail & Business Banking.
Barclays is shifting some jobs in its London-based credit and equity derivatives sales teams to Paris as it reorganises its operations ahead of Brexit, two sources familiar with the matter said.
A former Barclays executive said he pretended to be busy to avoid looking panicked while negotiating a 2 billion-pound ($2.6 billion) investment from Qatar at the height of the 2008 financial crisis that saved the bank from a government bailout.
Newham council is suing Royal Bank of Scotland over the terms of about £150m in complex bank loans, making it the latest UK bank to face a lawsuit over lending terms that critics say piled undue pressure on local services.
There was nothing secret or subtle about how traders at Barclays tried to move the bank’s submission to an important benchmark interest rate in a way that helped their own positions, a former trader told a court Tuesday.
Edward Bramson would do everybody a favour if he outlined what he would do if he succeeds in getting himself voted on to the board of Barclays. The activist agitator, armed with a 5% holding, has offered little except a vague grumble so far.
The judge overseeing a historic case against former Barclays bosses has instructed the jury not to dwell on “soundbites” in which defendants joked about food and s.x in prison, adding that the prosecutor’s allegations implicate individuals connected to the bank’s Qatari investors.
Seven local councils including Greater Manchester and Leeds have filed a legal claim against Barclays, which is linked to about £500m in complex bank loans.
Barclays is to move €190bn (£166bn) worth of assets from the UK to Ireland as the bank readies itself for a possible no-deal Brexit.
A U.K. fraud trial of former top Barclays executives highlighted the fears faced by elite bankers as they grappled with a possible government takeover and what that meant for their careers.
A married bank worker who stole more than £2m ($3.3m) from Barclays and squandered it on lady friends has been jailed for seven years.
Have job will travel.
Nomura has hired Mei-yu Shih from Bank of America to run equity sales and trading in Taiwan as Japan’s biggest brokerage overhauls its Asia equities business.
Barclays has appointed C.S. Venkatakrishnan as Chief Risk Officer. Venkatakrishnan joins Barclays from JP Morgan Chase where he has been the Head of Model Risk and Development since 2012 and Head of Operational Risk since September 2013.
Barclays is denying claims that the bank's senior staff want employees to boost morale with a friendship survey.
Barclays named Joe McGrath head of its operations in the U.S. and put John Mahon in charge of investment banking in Europe and Asia as part of Chief Executive Officer Jes Staley’s revamp of one of the firm’s two main divisions, according to a person familiar with the appointments.
Barclays traders working on the “front-line” of the foreign-exchange market were sacrificed to satisfy regulators and save the reputations of senior executives, according to an employee fired amid the scandal.
The former chief operating officer of Barclays is setting up his own investment firm, three years after the Libor scandal prompted his resignation from the bank.
Barclays has hired Andre Portelli to head its unit that develops products for wealthy clients from across its corporate and investment bank.
Listed below are the Top 20 investment managers of the Top 500 UK charities (trusts and fundraising charities combined):
Barclays reported a full-year net profit of £1.4 billion ($1.82 billion) for 2018 Thursday, swinging back to the black after 2017 losses.
The Barclays chief executive, Jes Staley, has promised to return more money to shareholders in a bid to fend off the attentions of the activist investor Edward Bramson, as the bank reported flat profits for 2018.
Barclays’ board worried that executive pay would be cut if the lender failed to raise private funds and succumbed to a government bailout at the height of the 2008 crash, the lender’s former chairman told a court on Tuesday.