Barclays cost cutting could see 17,000 jobs go
New cost-cutting measures at Barclays PLC (LSE:BARC), aimed at delivering annual savings of £2bn, could result in 17,000 job losses. Analysts at research house Third Bridge estimate a 20% reduction...
Barclays to Return £10 Billion to Shareholders, Cut Costs
Barclays said it plans to return £10 billion of capital to shareholders and go on a major cost-cutting drive as part of Chief Executive Officer C.S. Venkatakrishnan's efforts to boost returns above...
Barclays takes the scalpel to costs; boosts returns to £10bn as unveils three-year plan
Barclays PLC (LSE:BARC) has unveiled a corporate overhaul, £2bn of cost cuts and a £10bn capital return as it looks to enliven the company's sluggish operational and financial performance as part o...
Barclays posts fourth-quarter net loss, announces £1 billion share buyback
Barclays on Tuesday reported a fourth-quarter net loss of £111 million ($139.8 million) as the British lender delivered its first major strategy update since 2016.
Barclays annual profit falls 6%, unveils overhaul to boost shares
Barclays reported its annual profit fell 6%, in line with expectations, as Chief Executive C.S. Venkatakrishnan set out plans including cost cuts, a management overhaul and asset disposals to impro...
Barclays set to unveil hefty cash payout alongside big restructuring, say reports
Barclays PLC (LSE:BARC) (Barclays PLC (LSE:BARC)) results tomorrow will be accompanied by a strategic review of the business and the results might not be pretty. Hargreaves believes there will be a...
Barclays (BCS) Considers Bidding for SocGen's UK Private Bank
Barclays (BCS) is eyeing to buy Societe Generale's U.K. private bank in an effort to expand its business.
Barclays contemplating SocGen UK private bank takeover
Barclays is said to be mulling the acquisition of SocGen's UK private bank, Kleinwort Hambros. SocGen has initiated an auction process for its Kleinwort Hambros unit, as per Reuters sources.
Barclays VP sues for $290,000, alleging discrimination
A Barclays vice president is suing the British bank for about 230,000 pounds ($289,616.00), alleging she was passed over for promotion because of racial, religious and sex discrimination.
Barclays (BCS) to Acquire Tesco's Retail Banking Business
Barclays (BCS) announces a deal to acquire Tesco's retail banking business. This will likely bolster the company's market share in the U.K.
Rivian can't avoid the ‘EV winter,' Barclays warns in downgrade of its stock
Rivian Automotive Inc. has “leading technology,” according to Barclays analyst Dan Levy — but that may not be enough to help it withstand a challenging market.
Barclays Is Souring on Rivian (RIVN) Stock
Rivian (NASDAQ: RIVN ) stock is falling on Monday after the electric vehicle (EV) company's shares were hit with a downgrade from Barclays analyst Dan Levy. That downgrade sees the Barclays analyst...
Barclays Bonus Pool Shrinks Following Revenue Slump
Barclays Plc is planning to hand dozens of investment bankers no bonus as the slowdown in dealmaking forces it to cut payouts for a larger-than-usual group of its lowest performers. Executives are ...
Barclays' (BCS) Restructuring Aids Amid Revenue Volatility
Barclays (BCS) faces challenges with volatility in revenue generation amid the economic slowdown, while business restructuring initiatives continue to support financials.
Barclays to Acquire Tesco Bank, Partner With Tesco Stores
Barclays has entered into an agreement to acquire Tesco's retail banking business, including its credit cards, unsecured personal loans, deposits and operating infrastructure. The acquisition of Te...
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