Firm Spotlight
Barclays
Barclays is a British multinational banking and financial services company headquartered in London, United Kingdom. It is a universal bank and is organised within two business 'clusters': Corporate & Investment Banking and Wealth Management, and Retail & Business Banking.
The Corporate & Investment Banking and Wealth Management cluster comprises three business units: Barclays Corporate (commercial banking), Barclays Investment Bank (formerly Barclays Capital) and Barclays Wealth (wealth management).
KEY FACTS
Founded: 1690
Founders: John Freame, Thomas Gould and James Barclay
Headquarters: London, United Kingdom.
Products: Corporate Banking, Investment Banking, Wealth Management, Retail Banking, Business Banking
Website: group.barclays.com
BARCLAYS ON HITC
Barclays Libor Court Case Delayed Until April 2014
The first UK trial concerning the alleged fraudulent manipulation of Libor rates has been delayed until next year after Barclays won the right to challenge aspects of the high court case.
Barclays Corporate & Employer Solutions Expands Reach of Corporate Wealth Advisory Team
Barclays has announced further recruitment to its Corporate & Employer Solutions (C&ES) business as it continues to build its corporate wealth advisory capabilities across the UK
Barclays Boss Promises Investors He Will Crack Down on 'Excessive' Pay
Barclays faced criticism about high salaries, tax avoidance and speculation on food prices at its first annual shareholder meeting since the Libor-rigging scandal, at which the embattled bank's new chairman admitted pay was "excessive".
Barclays Still Has A Lot To Thank Bob Diamond For
Barclays is reaping the benefit of ex-CEO Bob Diamond’s decision to buy Lehman Brothers’ North American unit, as the division helped to push equities revenue up 19%.
People News - BofA, Barclays, Citi, Morgan Stanley
Bank of America has hired Jim O’Neil, the executive responsible for managing the government’s stakes in U.K. banks, to advise its clients in the financial services industry.
Barclays Pledges Better Regulator Relations
Barclays, hosting its annual meeting Thursday, has pledged to improve the bank’s relationship with regulators and evaluate pay following recommendations made in a review by Rothschild Vice Chairman Anthony Salz.
Investment Banking Profits Pose Problem For Barclays' New Boss
The new boss of Barclays was on Wednesday forced to defend releasing details of multimillion pound bonuses on the day of the budget as he revealed the bank's continued reliance on investment banking.
Barclays Profits Fall On Restructuring, Investment Bank Does OK
Barclays has said that pretax Q1 profit fell 25%, missing analyst estimates, as it took a charge for restructuring its money-losing operations in Europe.
Barclays Profit Declines 25% on Costs Program
Barclays Plc, the first U.K. bank to report first-quarter results, said pretax profit fell 25%, missing analyst estimates, as it took a charge for its cost-savings plan.
Barclays Departure, Lazard Hire, Standard Chartered FI Banker, UBS New Job
Michael Helou, a Barclays banker who headed the British lender's financial institutions group in the Middle East and North Africa, has resigned from the bank, three sources aware of the matter told Reuters.
FROM THE WEB
- Reuters: MOVES-JP Morgan Private Bank, RBS, Barclays, DIFC
- Yahoo! Finance: Kroger's Participation In The Barclays Americas Select Franchise Conference - London - Has Been Canceled
- Reuters: Sallie Mae Executive to Present at Barclays Capital Americas Select Franchise Conference on May 22
- Bloomberg: JPMorgan, Barclays Boost Forecasts on Junk-Bond Returns for 2013
- uk.finance.yahoo.com: CF Partners put on spot over £140m Barclays claim
- Financial News: Investment bank of the Week: Barclays
- The Guardian: Barclays has 'repeatedly let down society', says Church of England
- Reuters: Family Dollar to Present at the 2013 Barclays Americas Select Franchise Conference
- Reuters: New York Community Bancorp, Inc. President and Chief Executive Officer Joseph R. Ficalora to Speak at Barclays Investor Conference
- Daily Telegraph: Church accuses Barclays of "letting down society"
- BBC Online: Barclays 'let down society' says Church of England
- Yahoo!: Barclays wins dismissal of U.S. shareholder lawsuit over Libor
- uk.finance.yahoo.com: Why This Fund Manager Is Backing Barclays PLC, Lloyds Banking Group PLC And Royal Bank Of Scotland Group Plc
- Financial Times: Probe is threat to Barclays makeover
- Yahoo!: Guggenheim lands Barclays retail team as flight to boutiques continues
