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 to its previous expectation of August 2024.…
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 in a note on Thursday. They pointed…
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 of the year, while commodity trend advisers…
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 familiar with the matter said, as it…
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 group for internet dealmaking, according to people…
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 in the Americas region, Barclays confirmed on…
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 bank trims its costs while embarking on…
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 that processes payments for UK merchants as…
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 year, according to a report by Barclays…
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 banking, a spokesperson for the British bank…
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 a post-COVID recovery in the world’s second-largest…
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 1. Oxley, who worked at Barclays Investment…
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 banking presence. Switzerland-based UBS, which has been…
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 background after raising concerns about how the…
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 alleged he had a close relationship with…
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 rather than by 50 bps or make…
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 market could flip into a deficit in…
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, and is now in remission. “I am…
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 funds in 2023, although their overall appetite…
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 and seen by Reuters. Deutsche for years…
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 2030 as part of efforts to accelerate…
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 weakening labor market in the world’s largest…
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 to be ‘restrictive’. The brokerage warned that…
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 subsidiary in July, is evaluating entering new…
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 well-financed public accounts, appropriate actions taken by…
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 Qatari entities during its financial crisis-era fundraising.…
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