Barclays shares rise despite second postponement of share buyback
Barclays has already delayed the buyback once, after dropping a clanger with the sale of structured loan products. Now the SEC is sniffing around.
Company
Barclays (ADR)
LON:BARC
Barclays is a global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management. It operates through branches, offices and subsidiaries in the United Kingdom and overseas.
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Barclays' structured finance gaff puts serious dent in first-quarter profits
Despite paying up around £0.5bn to buy back phantom structured and exchange-traded notes that it had mistakenly sold to customers
FTSE 100 closes up as positive earnings surprises offset weak US GDP data and rising risks
The UK blue chip index closed in the green despite mixed news from major companies and an unexpected setback for the US economy
Barclays making hay in forex and credit-default swaps markets after Russian invasion of Ukraine
The cost of insuring Russia’s debt against default for five years increased elevenfold in the first quarter of 2022
Barclays' structured product gaff continues to reverberate
Sky News reports investors want to claw back some of the departing finance director's bonus
Things aren't so bad for Barclays, reckon Credit Suisse analysts
"Despite the fact we prefer retail banking over capital markets trends we see the shares as oversold," the Swiss bank's analysts said
FIVE at FIVE: Scottish Mortgage makes ISA millionaires, Lloyds backed as Barclays bashed, AMC and GameStop bounce back, FTSE 100 climbs and 88 Energy disappoints
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Lloyds Banking 'top pick' but Barclays downgraded as analyst sees worrying signs
Some of the drivers for interest income are expected to "start to turn" in the second half of the year
Barclays bashed as big line of stock is dumped on the market
The banking giant admitted yesterday its share buyback programme would be delayed after it had made a costly error in the structured notes market
Barclays to take £450mln charge, delays buyback
The charge comes after the bank issued more structured and exchange traded notes than it had registered for sale
Barclays freezes ex-CEO Jes Staley's bonus amid probe into links with Epstein
Based on Wednesday’s share price, Staley's share awards are worth nearly £22mln
Barclays profits soar as investment bank sees record results
Pre-tax profits almost trebled to £8.4bn in 2021 from £3bn the previous year
Britain’s big four banks set to pay out over £4bn in banker bonuses
“These sky-high banker bonuses are a kick in the teeth for everyone suffering with the cost of living crisis,” Gary Smith, general secretary of the GMB union, told the Guardian
UK banks can hand out more than a quarter of market value, JPM suggests
Improving UK employment and spending trends are likely to support interest rate hikes
Barclays is the top pick in “cheap” UK banking sector says UBS
UBS rates Barclays as a 'buy' with a 250p price target.
Barclays under pressure over Staley departure package - report
Lobby group The Investor Forum is said to have received complaints from some of its members
Barclays and Lloyds are top picks as Bank of England rate hikes still expected by analysts
During the last hiking cycle of 2017 to 2018, UK banks outperformed the sector by 8% from 90 days prior to the first hike to the second and final hike
Barclays chief Staley to step down following Jeffrey Epstein probe by UK regulators
The bank has appointed CS Venkatakrishnan as CEO to replace Staley
Barclays the cheapest banking stock in Europe, says well-respected City financials team
UBS told clients: “Barclays trades on the lowest PE [price-to-earnings ratio] in European banks, offering attractive gearing to rates, over-provisioning, unsecured spend, CIB and buybacks.”
Barclays profits soar to £6.9bn as investment bank booms
Third quarter performance was the best in the bank's history