Lloyds hires Barclays exec to lead debt capital markets division August 23, 2021 Barclays exec Miray Muminoglu has been appointed as the new head of Lloyds Bank’s financial institutions debt capital markets and securitised products group. Muminoglu, who currently works as managing director, head of term funding within Barclays’ group treasury unit, will join Lloyds Bank in London this November, reported Financial News. Muminoglu has over 30 years [...]
Jes Staley leaves Barclays: CEO exits bank after shock report on Epstein links November 1, 2021 Embattled Barclays chief Jes Staley has left his post over his ties with with late convicted sex offender Jeffrey Epstein. Staley will leave his role as chief executive of the bank with immediate effect after a probe into his links with Epstein suggested he mischaracterised the relationship to his employer and UK regulators. The bank’s [...]
Activist investor sells stake in Barclays May 7, 2021 Activist investor Edward Bramson has sold his firm’s 6 per cent stake in Barclays, ending a three-year campaign against the bank. Since 2018, Bramson’s fund, Sherborne Investors, pressured Barclays CEO Jes Staley to scale back investment banking, and demanded his removal over his links to US financier and registered sex offender Jeffrey Epstein, but Bramson struggled [...]
Starling Bank CEO: Barclays ‘firmly in our sights’ as we’ll be bigger within five years November 15, 2021 Barclays is firmly on the radar of Starling Bank’s senior management, as the company said it is working to overtake the Canary Wharf-based banking giant in the business banking market within the next five years. The bold predictions come as the digital lending disruptor is getting ready for a stock market float. Starling’s founder and [...]
Naked protest: XR blocks roads after stripping off in HSBC and Barclays September 3, 2021 Extinction Rebellion protestors are blocking roads next to London wall after they stripped off clothing at HSBC and Barclays bank branches as part of demonstrations targeting the City of London. City of London police confirmed the demonstrators are sitting in the road near London Wall at the junction on Circus Place with officers attending the [...]
Naked protest: Extinction Rebellion strip off in HSBC and Barclays : CityAM September 3, 2021 Extinction Rebellion protestors stripped off their clothing at HSBC and Barclays bank branches as part of demonstrations targeting the City of London. The nude activists painted slogans on their bodies including “divest now,” “act now,” and “the naked truth” in an effort to call out big banks funding climate change. The demonstration follows a protest [...]
Barclays targets $3.8bn Gap-branded US credit card portfolio August 27, 2021 Barclays’ US division will buy a $3.8bn credit card portfolio in a co-branding deal with retailer Gap, in a bid to up its market share in the US. Four months after initially reaching an agreement with the clothing giant to partner and create co-branded credit cards for Gap customers, the bank has announced it will [...]
UK banks return to amassing default reserves amid inflation and mortgage crunch October 26, 2022 Barclays said profits had jumped six per cent in the third quarter of the year as it became the latest lender to see performance buoyed by rising interest rates.
Barclays invests £294m to expand India operations – CityAM : CityAM August 26, 2021 Barclays has announced plans to invest more than 30bn rupees (£293.9m) in its India unit to expand operations. The infusion of capital will enable Barclays, which has operated in the Asia Pacific region for 50 years, to grow its Corporate and Investment Banking and Private Clients businesses. Barclays offers financing, advisory and risk management services [...]
Amanda Staveley’s appeal refused in Barclays ‘lifeline loan’ case June 7, 2021 Businesswoman Amanda Staveley’s appeal to overturn a court’s verdict against her in her case against Barclays has been refused, a court filing seen by Reuters today showed. A London High Court judge in February found Barclays guilty of “serious deceit” over how the British bank negotiated a lifeline with Amanda Staveley during the 2008 financial [...]