CryptoCann™ Report: Barclays reportedly puts crypto plans on the back burner; Uber and Lyft offer discounts to discourage driving while high
The British banking giant’s head of digital assets departed in September
Company
LON:BARC
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the USA, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs 147,000 people.
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The British banking giant’s head of digital assets departed in September
Banks are trying to compete with Goldman Sachs' retail bank Marcus in the US and the UK
HSBC has become the latest major bank to settle over the mis-selling of residential mortgage-backed securities, following penalties paid by RBS and Barclays
Given the risks facing the economy, including Brexit and a trade war between the US and China, there is speculation about whether a global recession could happen again
Berenberg said Barclays has the "strongest franchise of any non-US bank in the profitable US investment bank market and is gaining market share"
Barclays said the errors occurred when bulk requests were made by claims management firms on behalf of individuals seeking PPI claims
Goldman’s online retail bank, named Marcus after the group’s founder, is offering an interest rate on savings of 1.5%
The news follows a string of online banking problems for a number of lenders this year including Barclays and TSB
The UK's index of leading shares added 1.6 points, or 0.02% , to finish at 7,279, while sterling was up 0.80% against the US dollar
RBS, Lloyds, Barclays and HSBC have been shutting branches as an increasing number of customers switch to online banking
A look at some of the biggest risers and fallers on the London market this Tuesday
“Whitbread investors may miss the caffeine highs Costa serves up," Hargreaves Lansdown said of the group's decision to sell the coffee chain to Coca-Cola
The bank will be open to the Wall Street giant’s UK employees before its official launch
Monzo is set to receive “unicorn” status alongside technology companies such as Deliveroo and Skyscanner valued at US$1bn or more
The delay comes amid sector-wide pressure from European regulators to submit more detailed plans for their post-Brexit hubs to prevent banks from creating token offices
"RBS has been the worst performing UK domestic bank stock year-to-date," HSBC said
RBS came joint last with Clydesdale Bank while Lloyds was ranked the same as TSB, which was hit by an IT crisis in April
Barclays believes BAT is well placed to exploit a new era of competitive disruption in the industry heralded by innovations such as e-cigarettes
Bramson’s investment vehicle Sherborne, which owns a 5.4% stake in Barclays, has started talks with Barclays
Lloyds and HSBC have come out on top in dividend payouts with a projected 2018 yield of 5.4% for the two lenders