Tag: $Barclays

The Bank of England is examining whether Barclays traders misrepresented illiquid private credit loans to understate their risk after concerns were raised by an insider.

Barclays (BARC) said profit edged higher as strong revenue growth was partially offset by a write-off linked to the collapse of U.K. mortgage finance company Market Financial Solutions.

Barclays (BARC) has beaten expectations for profit in the fourth quarter and announced a £1bn share buyback in its latest results, as it unveiled plans to return more than £15bn to investors over the next couple of years.

British lender Barclays increased its guidance and announced a £500 million ($667 million) share buyback in its third-quarter earnings on Wednesday.

British bank Barclays on Tuesday beat profit expectations and announced a £1 billion ($1.33 billion) share buyback as market volatility boosted investment banking revenues.

Barclays has revealed a series of alleged misconduct issues that have put it in the crosshairs of investigators once more.

Barclays has dropped an appeal against a fine levied by the UK’s financial watchdog over payments to Qatari investors linked to an emergency capital injection in 2008.

British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations.

Barclays is selling its German consumer finance business to Austrian bank BAWAG Group AG for a small premium to net assets, it said on Thursday, as the British lender aims to simplify its business.

 Barclays on Thursday reported first-quarter net income attributable to shareholders of £1.55 billion ($1.93 billion), beating expectations.

Capital One agreed to buy Discover Financial in a $35 billion all-stock deal that will combine two of the nation’s largest credit-card companies to create a global payments giant.

 Barclays on Tuesday reported a fourth-quarter net loss of £111 million ($139.8 million) as the British lender announced an extensive strategic overhaul, boosting its shares more than 5% in early trade.

LONDON, Dec 5 (Reuters) – Barclays shares fell in early trading on Tuesday after one of the bank’s largest shareholders Qatar Holding moved to sell around 510 million pounds ($644 million) of its stock, cutting back on its crisis-era investment in the bank.

Barclays CEO C.S. Venkatakrishnan said the bank “continued to manage credit well, remained disciplined on costs and maintained a strong capital position” against a “mixed market backdrop.”

A British union that represents workers at Barclays  said on Tuesday that the bank was cutting around 450 staff, as the lender cuts costs as it weighs a wider strategy overhaul.

Barclays said Thursday that it expects to earn less interest in its U.K. division, as analysts flagged the bank’s “modestly disappointing” set of results.