Chief executive officers of big banks across the globe had private discussions on how United States President Donald Trump's tariffs are affecting markets and the world economy, Sky News reported on Monday.According to the media outlet, the heads of Bank of America Corp., Barclays plc,...
Barclays plc revealed on Thursday that its full-year 2024 total income amounted to £26.8 billion, rising 5.5% compared to the same timeframe a year earlier. For the twelve months ending December 31, 2024, operating expenses were £16.7 billion, while attributable profit landed at £5.3 billion,...
Although some of the most anticipated global players have already released their fresh financial results, this week investors' attention will turn to some of the leading Asian companies. Namely, SoftBank is expected to unveil its report on Wednesday, followed by Sony, Nissan, and Honda on Thursday.In...
Barclays plc CEO C.S. Venkatakrishnan shared on Tuesday that the United States regulations introduced in the past few years will be relaxed under President Donald Trump's administration, and voiced his hope that Europe will follow the same path. "Obviously there's a lot of control and regulation...
Barclays plc fired 15 of its bankers and traders based in New York, The New York Post reported on Friday citing sources with knowledge on the matter.According to the sources, none of the individuals in question were given bonuses. One of the sources explained that while an investment...
Barclays has been fined £40 million by the Financial Conduct Authority (FCA) on Monday for failing to disclose key arrangements with Qatari entities during its 2008 capital raising. This decision follows the bank's withdrawal of its appeal to the Upper Tribunal, which had delayed enforcement...
Barclays plc revealed on Thursday that its total income in the third quarter of fiscal 2024 stood at £6.5 billion, up 5% compared to the same timeframe a year ago. In three months ending September 30, year over year, profit after tax soared 18% to £2.2 billion, while attributable profit jumped 23% to...
Barclays plc unveiled on Monday in a statement that it is releasing a co-branded credit card in the United Kingdom, in partnership with Amazon.com Inc.The card will allow customers to get rewards "on everyday spending, which can be redeemed for gift cards on Amazon.co.uk," Barclays detailed....
Barclays plc said on Thursday its total income in the second quarter of 2024 amounted to £6.3 billion, increasing by 1% compared to the same trimester in 2023.Profit before tax declined by 1% year on year to £1.9 billion, while attributable profit plunged 7% to £1.2 billion and earnings per...
Barclays Plc. agreed to sell its Hamburg-based finance business to Austria's Bawag Group on Thursday, with the acquisition expected to conclude by the closing quarter of 2024 or early next year."The purchase of our franchise by BAWAG Group reiterates the successful business our teams have created...
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