Barclays could axe 2,000 jobs in £1 billion cost-cutting drive - report

Barclays PLC (LSE:BARC) is drawing up restructuring plans that could involve axing as many as 2,000 jobs in a £1 billion cost-cutting drive, according to Reuters. The job cuts would be mostly in th...

Barclays Plans £1 Billion Cost Cuts, Reuters Says

Barclays Plc is working on plans to reduce costs by as much as £1 billion ($1.3 billion) over several years, which could involve slashing as many as 2,000 jobs, according to Reuters. Bloomberg's Li...

Barclays share price is at risk as it joins Citi in layoffs

Barclays (LON: BARC) share price has not done well this year as the company's headwinds continued. It dropped from the year-to-date high of 184.15p on February 9th to a low of 128.16.

Exclusive: Barclays working on $1.25 billion cost plan, could cut up to 2,000 jobs -source

Barclays is working on plans to save as much as 1 billion pounds ($1.25 billion), which could involve cutting as many as 2,000 jobs, mainly in the British bank's back office, a person with direct k...

Barclays (BCS) Bids to Acquire Tesco's Banking Business

With a strategy to improve market share in the U.K., Barclays (BCS) places a bid to acquire Tesco Bank. The deal will open up opportunities to cross-sell products to Tesco Plc's customer base.

Report: Barclays Makes Indicative Bid for Tesco's Banking Business

Barclays is reportedly considering the acquisition of Tesco's banking operations.  Tesco, a British food retailer, has invited potential buyers to submit non-binding offers for Tesco Bank as part o...

Exclusive: Barclays explores deal for Tesco banking business - sources

Barclays has been exploring a potential acquisition of Tesco's banking operations, two people familiar with the matter told Reuters.

Lloyds replaced by NatWest as Barclays preferred UK banking play

Lloyds Banking Group PLC (LSE:LLOY) has been replaced by NatWest Group PLC as Barclays preferred pick among UK banks. The broker has upgraded NatWest to overweight from equal weight with a 330p pri...

Barclays outscores both Lloyds and NatWest in appeal, says broker

Bank results in the recent third quarter season were a mixed bag, says  Shore Capital, but still good enough for the broker to retain buy recommendations across the sector. Good news on credit qual...

Global stocks will outperform bonds in 2024: Barclays

Barclays strategists are forecasting global equities to outpace bonds in 2024 as markets navigate a soft economic landing. The bank predicts mid- to high single-digit stock returns amid moderate gr...

Barclays flags Treasuries central clearing cybersecurity risks after ICBC hack

A key reform proposed by the U.S. Securities and Exchange Commission to boost the use of central clearing for U.S. Treasuries could leave the market more exposed to cybersecurity risks, Barclays sa...

Unilever's new CEO inspires confidence, says Barclays

Unilever rose 1.4% supported by positive comments from Barclays which has high hopes for new chief executive, Hein Schumacher. The broker has upgraded the Marmite owner to overweight from neutral a...

Barclays cuts 2024 Brent forecast on resilient US output, Venezuelan supply

Barclays on Wednesday lowered its 2024 Brent crude price forecast by $4 to $93 a barrel, citing resilient U.S. oil supply and higher output from Venezuela following the relaxation of sanctions on t...

Barclays's Cau Weighs Earnings Season, Fed Rate Path

Emmanuel Cau, Head of European Equity Strategy at Barclays, says margins resiliency has been a bright spot this earnings season. He spoke with Manus Cranny and Dani Burger on "Bloomberg Brief.

Credit Agricole, BAWAG poised to bid for Barclays German unit - sources

French bank Credit Agricole and Austria's BAWAG Group are set to submit binding bids for Barclays' German consumer finance unit this week, two people familiar with the matter told Reuters.


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