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.…
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 as part of its efforts to deepen…
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 said in a note on Tuesday. India’s…
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 on Tuesday, rebutting speculation among some investors…
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 newspaper reported on Monday, citing unidentified market…
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 75 basis point rate rise and hawkish…
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 terms of a so-called rescission offer by…
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 lockdowns in China and tightening financing conditions…
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 securities in breach of U.S. rules, the…
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 said. “While we still expect the…
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 bank, Barclays said on Friday. Barclays on…
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 people with knowledge of the matter said,…
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, due to an uncertain macro backdrop and…
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 boutique’s business. The move comes as investment…
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 was betting that extreme price moves in…
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 exchange-traded notes (ETNs) with combined assets of…
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 a veteran of about three decades in…
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 ethical and sustainability standards, according to a…
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 replaced by C.S. Venkatakrishnan, Barclay’s head of…
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