FaceTime with your bank? Barclays is venturing into video banking for busy customers in major online move November 30, 2014 Barclays is making another major move into digital with the launch of a video banking service that will let customers speak face to face with advisers instead of visiting a bricks and mortar branch. The bank will offer a round the clock service to better fit in with people’s lives in what it says is [...]
Barclays-backed firm Third Energy plans to start fracking in North Yorkshire November 25, 2014 Gas company Third Energy has applied for planning permission to begin fracking in North Yorkshire. The firm, a startup backed by Barclays, first drilled the KM8 well at its Kirby Misperton in 2013. Chief executive Rasik Valand said: “Our analysis indicates that there could be a significant new gas reservoir in our North Yorkshire licence [...]
Forex rigging scandal: Record fines doled out to banks but Barclays refuses to play ball November 12, 2014 Five global banks were fined yesterday by UK and US regulators, in a record £2bn punishment for traders fiddling crucial foreign exchange benchmarks from 2008 to 2013. The fines were particularly stiff because some of the manipulation took place after attempts at Libor fiddling had already been exposed. Barclays stood out yesterday, having not yet [...]
Barclays share price leaps and bank shares rise as Bank of England recommends raising leverage ratio for UK banks October 31, 2014 The Bank of England (BoE) has revealed proposals to increase the leverage ratio of UK banks to ensure they have a larger safety net to fall back on in the event of another financial crisis. The tough new measures will force banks to keep capital of up to 4.95p for every £1 they lend by [...]
How much have RBS, Barclays, JP Morgan, Citigroup, UBS and HSBC set aside for potential costs from the FCA forex market rigging probe? October 31, 2014 RBS is the latest bank to set aside a hefty pot of cash for the potential costs of settling with the City regulator after a major investigation into the manipulation of forex markets. The bank revealed that figure stands at £400m in its third quarter results today. It’s a large sum, but by no means [...]
Barclays sets aside £500m to pay forex bill October 30, 2014 BARCLAYS is set to pay £500m to settle claims its traders tried to manipulate foreign exchange benchmarks. “These are ongoing discussions with certain regulatory agencies,” said finance director Tushar Morzaria. The news came as Barclays reported pre-tax profits of £1.59bn for the third quarter, up 14.8 per cent on the year. Revenues slid one per [...]
Barclays share price rises as it sets aside £500m to pay regulators over foreign exchange probe October 30, 2014 Are Barclays' regulatory woes about to reach a conclusion? Investors seemed confident this morning – the bank's share price opened 1.6 per cent higher as it revealed it has put aside £500m in the face of ongoing investigations into Foreign Exchange practices. Barclays is not the only bank to have made such provisions: HSBC and [...]
Exclusive: Barclays recruits staff to complement digital growth October 9, 2014 Barclays is hiring more staff to advise small businesses and exporters, in a change to its plan to automate every service possible, City A.M. has learned. Chief executive Antony Jenkins is pushing to use cutting-edge technology wherever possible to automate processes and cut down on the need to retain an enormous workforce. But the bank [...]
Barclays’ Sam Dean makes speedy return to bank as chairman of global finance and risk solutions October 8, 2014 When Barclays’ head of equity capital markets Sam Dean announced he was taking a sabbatical last December it raised a number of eyebrows in the City. Dean, a highly popular and well-respected part of the Barclays team, cited family reasons for his break, but that didn’t stop the bank’s rivals from gossiping about whether the [...]
Barclays is the most complained about bank September 25, 2014 Barclays is the most complained-about bank, according to new figures from the Financial Conduct Authority. The bank received more than a quarter of a million complaints in the first half of the year. But it was not out on its own – Barclays was closely followed by Bank of Scotland and Lloyds. Despite taking the [...]