Hargreaves Lansdown to be chief beneficiary of fallout from problems at Barclays, say analysts
Hargreaves Lansdown's plans to launch cash management service, Active Savings, could be a "game changer", said Shore Capital's Paul McGinnis
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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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Hargreaves Lansdown's plans to launch cash management service, Active Savings, could be a "game changer", said Shore Capital's Paul McGinnis
Credit Suisse believes there is “too much pessimism” about UK lenders and expects a 'soft' Brexit
“The last of the delayed payments will be made by 12 October after which our customers should not see any further delays,” said the bank
FTSE 100 ended in positive territory, having been lower earlier,..
Already the mood music from the Bank of England has led to a steepening of the yield curve
FTSE 100 closed 9.35 lower at 7,301 and the FTSE 250 added over 49 points at 19,566
Barclays' chief executive Jes Staley has been questioned again by regulators over his attempts to unmask a whistleblower earlier this year
Lloyds and Barclays are the most exposed to the risks facing the rapid growth in consumer credit, according to Societe Generale
Lloyds and its units received 38,609 complaints during the first half, according to the Financial Ombudsman Service
Investments and investor services
The FTSE 100 traded in a narrow band all day, finishing 5 points lower at 7,319
UBS notes that second quarter numbers for UK banks beat market consensus by 13%,
Analyst Jason Napier also thinks the lender is “on track in its pursuit of a 12% ROTE in 2020”
The FTSE 100 finished 108 points lower at 7,390, about 13 points above its intra-day low
Lloyds, RBS and Barclays continue to be bogged down with the task of tidying up their past transgressions
Barclays said UK regulators are continuing their investigation into chief executive Jes Staley for trying to unmask a whistleblower and for Libor rigging
Despite the beating meted out to IMPs and BATs, the Footsie rallied in the last half hour to trim its heavy losses
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The bank has been charged with conspiracy to commit fraud over deals made with Qatar as part of its £12bn fundraising
The Prudential Regulatory Authority cautioned that lending for consumer credit – cars, personal finance and credit cards – had become too relaxed