Boy struck by thrown object at Barclays Center, Injured
BROOKLYN, NY – A trip to the Barclays Center turned dangerous Tuesday night when a child was hit by an object thrown by an unidentified …
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Barclays expects BoE to deliver rate cut in May 2024
(Reuters) – Barclays said on Friday it expects the Bank of England (BoE) to start its interest-rate cut of 25 basis points in May, compared …
Citi, BofA left with some Barclays stock after Qatari stake sale –sources
By Pablo Mayo Cerqueiro and Anousha Sakoui LONDON (Reuters) – Citigroup and Bank of America were left holding some shares in Barclays after they could …
Barclays forecasts Fed to stand pat on rates in January
By Subhadeep Chakravarty (Reuters) -Barclays said on Wednesday it no longer expects the U.S. Federal Reserve to raise interest rates in January, compared with an …
Stocks to outperform fixed income in 2024, says Barclays
(Reuters) – Global equities are set to outperform core fixed-income assets next year, as threats of a global economic slowdown have declined, Barclays strategists said …
Macro hedge funds turn bearish on equities – Barclays
NEW YORK (Reuters) – Global macro hedge funds are now bearish on equities, leaving behind bullish bets which were part of their strategy for most …
Barclays begins culling 3% of its dealmakers-sources
By Milana Vinn and Anirban Sen NEW YORK (Reuters) – Barclays Plc initiated layoffs this week targeting 3% of its global investment banking workforce, people …
Deutsche Bank hires internet banker Withey from Barclays – sources
By Milana Vinn (Reuters) – Deutsche Bank AG has hired Ainslee Withey, a Barclays technology banker, as a managing director in its technology investment banking …
Barclays hires JPMorgan’s Oberle to oversee private equity relationships for Americas
By Svea Herbst-Bayliss and Nupur Anand NEW YORK (Reuters) – Barclays hired Christian Oberle from JPMorgan Chase to oversee its relationships with private equity (PE)firms …
Barclays drawing up plans for hundreds of job cuts -sources
By Iain Withers LONDON (Reuters) -Barclays is drawing up plans to cut hundreds of jobs, two sources familiar with the matter told Reuters, as the …
Exclusive: Barclays explores sale of stake in $2.5 billion UK payments unit – sources
By Amy-Jo Crowley, Pablo Mayo Cerqueiro and Milana Vinn LONDON/NEW YORK (Reuters) – Barclays Plc is exploring the sale of a stake in the unit …
European credit hedge funds top investor most-wanted list- Barclays
By Nell Mackenzie LONDON (Reuters) – European credit hedge funds topped a most-wanted list of global hedge fund strategies in the second half of this …
Barclays hires Birchenough as chairman of healthcare investment banking
By David Carnevali NEW YORK (Reuters) – Barclays Plc has hired Jim Birchenough from Wells Fargo & Co as its chairman of global healthcare investment …
Nomura, Barclays cut China 2023 GDP forecasts as recovery sputters
BEIJING (Reuters) – Nomura has cut its forecast for China’s 2023 gross domestic product (GDP) growth to 5.5% from 5.9% previously, after April data showed …
Tellurian appoints Barclays’ Simon Oxley as CFO
(Reuters) – U.S. liquefied natural gas (LNG) developer Tellurian Inc <TELL.A> said on Wednesday it has appointed Simon Oxley as chief financial officer, effective June …
UBS hires Barclays executives to beef up investment banking in U.S
(Reuters) – UBS Group said on Monday it had hired three executives from Barclays Plc in a big push to ramp up its U.S. investment …
Ex Barclays banker says faced racial hostility after whistleblowing
By Kirstin Ridley LONDON (Reuters) – A former Barclays banker alleges he was undermined, harassed and denied appropriate compensation and promotion because of his Cameroonian …
Barclays calls allegations against former CEO Staley ‘serious and new’
By Iain Withers LONDON (Reuters) – Barclays has said recent allegations against its former Chief Executive Jes Staley are “serious and new”, after U.S. lawsuits …
Barclays: ECB more likely to hike rates by 25 bps rather than 50 bps or no hike
LONDON (Reuters) – The European Central Bank is more likely to raise interest rates by a modest 25 basis points when it meets on Thursday …
Barclays cuts 2023 oil price forecasts on resilient Russian output
(Reuters) – Barclays cut its 2023 oil price forecasts on Wednesday, due in part to more resilient output from Russia than expected, and said the …
Barclays CEO Venkat completes treatment for cancer, in remission
LONDON (Reuters) – British bank Barclays said on Friday that its chief executive C.S. Venkatakrishnan has completed treatment for non-Hodgkin lymphoma, a type of cancer, …
Investors favor allocations to macro, credit funds – Barclays survey
By Carolina Mandl NEW YORK (Reuters) – Investors such as pension funds and family offices plan to increase allocations to credit and global macro hedge …
Deutsche Bank names new compliance head from Barclays
FRANKFURT (Reuters) – Deutsche Bank has appointed a Barclays executive to oversee compliance at Germany’s largest lender, according to an internal memo circulated on Tuesday …
Exclusive: Barclays turbocharges 2030 sustainable finance target to $1 trln
By Simon Jessop and Lawrence White LONDON (Reuters) – British investment bank Barclays has increased its sustainable and transition finance target to $1 trillion by …
U.S. dollar has peaked due to softer inflation, jobs -Barclays, Deutsche
NEW YORK (Reuters) – The U.S. dollar may have already seen its highest levels for the year given growing evidence of slowing inflation and a …
Barclays cuts 2023 global growth forecast, expects weakest growth in four decades
(Reuters) – Barclays economists on Wednesday cut their global economic growth forecast for 2023 as inflation is seen unlikely to fall quickly, forcing monetary policy …
Barclays builds up Asia business, sees growth in India and Australia
By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) – Barclays Plc, which recently made big investments in India and Australia and set up a Taiwan …
Barclays sees rosy outlook for Mexican peso in 2023
By Valentine Hilaire MEXICO CITY (Reuters) – The Mexican peso could close 2023 at 19.00 vs the U.S. dollar, Barclays analysts said on Friday, citing …
UK watchdog fines Barclays $55 million for fees paid in 2008 fundraising
LONDON (Reuters) -Britain’s Financial Conduct Authority (FCA) said it would fine Barclays 50 million pounds ($55 million) for its failure to disclose fees paid to …
Barclays bolsters financial institutions group with new EMEA co-head
By Pamela Barbaglia LONDON (Reuters) – Barclays has promoted Luca Maiorana to lead its financial institutions group (FIG) across Europe, the Middle East and Africa …
India’s weakening exports slows trade deficit moderation – Barclays
MUMBAI (Reuters) – India’s large trade deficit is beginning to consolidate, but the weaker exports are prompting a more gradual adjustment than expected, Barclays Bank …
Options activity hints U.S. stock market has not reached bottom- Barclays
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Options trading activity does not yet hint at a bottom in U.S. stocks, Barclays derivatives strategists said …
Iberdrola hires Barclays to sell stake in Spanish renewable portfolio, Expansion says
MADRID (Reuters) – Spanish power company Iberdrola hired Barclays’ investment bank to sell up to 49% in a portfolio of Spanish renewable power projects, Expansion …
Goldman, Barclays, SG raise Fed rate projections
SINGAPORE (Reuters) – Goldman Sachs, Barclays and a bunch of investment banks raised their estimates for U.S. policy rates on Thursday, following the Federal Reserve’s …
Barclays: $7 billion worth of securities sold in error have been claimed
LONDON (Reuters) – Barclays said investors have submitted claims for $7 billion out of $17.7 billion worth of securities it sold in error, under the …
Barclays forecasts contraction in fourth quarter for major economies
(Reuters) – Global growth is heading for an “increasingly synchronous downturn”, economists at Barclays said on Thursday, citing a deepening energy crisis in Europe, continued …
Barclays is ‘far along’ in discussions with SEC on securities selling error -CEO
By Lananh Nguyen NEW YORK (Reuters) – Barclays PLC is very “far along” in discussions with the U.S. Securities and Exchange Commission after it sold …
India’s trade deficit to remain above $20 billion – Barclays
MUMBAI – India’s trade deficit is likely to remain above $20 billion for an extended period, posing the risk of a wider current account deficit, …
Barclays enlists Citigroup to help with share buyback
LONDON – Barclays has entered into an agreement with Citigroup for the latter to conduct a buyback of Barclays’ shares on behalf of the British …
Exclusive: Barclays seeks entry into China’s $4.3 tln asset management market – sources
By Selena Li HONG KONG – Barclays is seeking a Chinese banking partner to set up an asset management joint venture in the country, two …
Global mutual funds investors could sell $350 billion worth equities this year -Barclays
(Reuters) – Barclays said on Wednesday global mutual funds investors could sell equities worth a further $350 billion this year, unless fears of recession diminish, …
Barclays bumps up stake in Australia’s Barrenjoey Capital
(Reuters) – Britain’s Barclays Plc said on Wednesday it had nearly doubled its stake in Barrenjoey Capital Partners to help expand the Australia-based investment banking …
Barclays’ VXX price jump drives double-digit gains for volatility arbitrage fund
By Saqib Iqbal Ahmed NEW YORK – Days before Thanksgiving, Kris Sidial, a co-founder at volatility arbitrage fund The Ambrus Group, told investors the firm …
Barclays suspends sales of two products linked to oil, volatility
By Iain Withers and Saqib Iqbal Ahmed LONDON/NEW YORK – British bank Barclays said on Monday it had suspended the sales and issuance of two …
Barclays names Ihsan Essaid co-head of global M&A – memo
– Barclays appointed Ihsan Essaid as co-head of its global mergers and acquisitions business, according to a memo seen by Reuters on Thursday. Essaid is …
UK retailers cut $10 billion of contracts from unethical suppliers – Barclays
LONDON – British retailers have cancelled 7.1 billion pounds ($9.6 billion) in contracts over the last 12 months with suppliers that do not meet their …
Barclays CEO Resigns Over Alleged Ties To Jeffrey Epstein
Barclays chief executive Jes Staley will resign after reports of an investigation into his relationship with Jeffrey Epstein, the bank announced Monday. Staley will be …