Barclays share price rises despite fall in profit July 30, 2014 Barclays has seen its share price rise in early trading despite underwhelming half-yearly results. Shares were up 3.2 per cent to 226.1 pence at pixel time, as the markets were clearly not put off by an announcement which included falls in overall profit before tax ( down seven per cent) and profit before tax for Barclays investment [...]
Barclays profits down seven per cent as investment business hit July 30, 2014 The sun may be out, but there is no escaping the gloom for Barclays which released its first half results this morning. The headline figures make grim reading: a seven per cent drop in pre-tax profit during the first half of the year a figure swollen by the 46 per cent decline in profit before [...]
UBS and Deutsche Bank join Barclays in dark pools probe July 29, 2014 European banking giants UBS and Deutsche Bank both reported strong underlying profit figures in the second quarter, but yesterday revealed they were being hit by new regulatory probes. This follows investigations into their dark pools, private trading venues which are facing increased levels of scrutiny. It comes after Goldman Sachs was fined for processing trades [...]
Barclays dark pool volumes bounce back after fraud allegations July 28, 2014 Trading in Barclays dark pool bounced back in early July, industry data showed yesterday. Volumes had collapsed by more than 70 per cent after Goldman Sachs was fined for wrongdoing and Barclays was accused by US regulators of lying to investors in the private trading facility. The most recent data covers the second week of [...]
Barclays’ Ashok Vaswani is hoping to turn around the UK’s most broken industry July 27, 2014 "My name is Ashok Vaswani. My role is to listen to customers, to make sure we give them what they want.” This understates his job title somewhat. Vaswani is Barclays’ CEO of personal and corporate banking, a powerful new job which has seen him take control of its global operations in retail, business and [...]
Barclays bites back over US dark pool fraud charge July 24, 2014 Barclays squared up to US regulators yesterday, fiercely rejecting claims it had lied to investors using its dark pool trading facilities. It is the first time a British bank has reacted so strongly to legal attacks from the US, as banks have been reluctant to fight back openly since the financial crash struck. “Fundamentally, the [...]
Barclays’ clients lead charge out of dark pools July 21, 2014 THE NUMBER of shares traded in Barclays’ dark pool collapsed by more than half last week, industry data showed yesterday, as clients flee the private trading platform. The bank is facing allegations in the US that it misled clients trading on the LX platform, leading to a 66 per cent fall in shares traded on the site. [...]
Exclusive: Barclays wants time to probe dark pool claims July 21, 2014 BARCLAYS may be forced to ask the US authorities for more time to look into allegations it misled investors using its dark pool trading platform, CityAM understands. The British bank was accused last month of telling clients the private trading facility was safe from predatory operators like high frequency traders – but it is [...]
Silver for Barclays beach volleyball team as the City battles it out in the sunshine July 21, 2014 What better time to enjoy a corporate volleyball mash-up than the hottest day of the year? Friday saw teams from the likes of Barclays, Bank of America Merrill Lynch, Linklaters and Fitch Ratings go up against each other on Action for Kids’ beach volleyball courts but victory was saved for the returning champions Reebok [...]
Barclays ditches cashiers as it shifts to digital July 11, 2014 The face of high street banking is changing, and Barclays has decided to drop the role of traditional cashier as customers increasingly adopt digital services for managing their finances. The British bank has announced that it will be moving 6,500 employees from cashier roles to advisory roles, where they will help customers with managing [...]