The CEO of Barclays has 12 months to fix its investment bank

Thomson Reuters Barclays Chief Executive Jes Staley is being given one more year to deliver on a promise to turn its investment bank into a profit engine able to weather downturns or face demands for a review of the business, shareholde.....»»

Category: topSource: businessinsiderMar 14th, 2018

Barclays bank ahead of schedule in recovery plan

Barclays Group says it will complete its restructuring six months earlier than planned as it sheds risky assets and focuses on consumer, corporate and investment banking in New York and London.....»»

Category: topSource: abcnewsFeb 23rd, 2017

Bank of America has pinpointed 6 ways stocks could see another $6 trillion correction

For months, Bank of America Merrill Lynch chief investment strategist Michael Hartnett has warned against stock market sentiment he thinks is far too extended. He's identified six wa.....»»

Category: topSource: businessinsiderMar 10th, 2018

Barclays investment bank division pays women half as much as men

In a vivid illustration of the gender pay gap in the banking industry, the company says women on average a.....»»

Category: topSource: usatodayFeb 23rd, 2018

Barclays delivers on dividend despite 2017 disappointment

LONDON (Reuters) - Barclays PLC showed its confidence in future earnings on Thursday by restoring its full dividend, despite lackluster investment banking income, restructuring costs and U.S. tax reforms hitting the bank's 2017 bottom line......»»

Category: topSource: reutersFeb 22nd, 2018

Barclays talks tough on targets after weak quarter

Barclays reported a worse than expected profit before tax for the third quarter of 1.1 billion pounds, as a weak trading performance in its investment bank dragged down group results. Ciara Lee reports......»»

Category: videoSource: reutersOct 26th, 2017

After 16 Months Without a 5% Market Pullback, Goldman"s Clients Want To Know Just One Thing

It's confusing to be a Goldman clients these days. One month after the investment bank reported that its Bear Market Risk indicator had jumped to 67%, a level it hit most re.....»»

Category: blogSource: zerohedgeOct 22nd, 2017

Deutsche Bank Forced To Slash Fixed-Income Research Price By Half On Lackluster Demand

One by one over the past several months, Europe's largest investment banks have each rolled out their new pricing models detailing .....»»

Category: blogSource: zerohedgeAug 24th, 2017

Barclays Installs Sensors to See When Bankers Are at Their Desks

But the bank says it's not to track employees' time Barclays Plc has installed devices that track how often bankers are at their desks. Managers were peppered with queries when investment bank staff in .....»»

Category: europeSource: fortuneAug 18th, 2017

Barclays announces new board of its corporate and investment bank

Barclays announces new board of its corporate and investment bank.....»»

Category: topSource: reutersJul 12th, 2017

The champion of the Trump trade is on life support

Bank stocks just did something not seen in 14 months. And it isn't pretty. The KBW Bank Index underperformed the S&P 500 for the fifth straight day on Wednesday, the longest such streak since March 2016, according to data compiled by Barclays......»»

Category: topSource: moneycentralJun 1st, 2017

Barclays investment bank underperforms US rivals

Chief executive seeks to shift attention from his treatment of a whistleblower.....»»

Category: topSource: ftApr 28th, 2017

Bank of America beats, has record quarter in investment banking (BAC)

REUTERS/Robert GalbraithBank of America delivered earnings of $0.41 a share on revenue of $22.2 billion in the first three months of 2017. That was ahead of analyst ex.....»»

Category: topSource: businessinsiderApr 18th, 2017

Danish Investment Firm: The Odds Of A Global Recession Within 18 Months Stand At 60%

More likely than not, there will be a global recession within the next 18 months. According to a CNBC report, economists at the Danish investment firm Saxo Bank believe the likelihood of a global recession stands at more than 60 percent. read more.....»»

Category: blogSource: benzingaApr 10th, 2017

Barclays reprimands chief executive for trying to identify whistleblower

LONDON (Reuters) - Barclays has reprimanded Chief Executive Jes Staley and will cut his bonus for attempting to uncover a whistleblower's identity, the British bank said on Monday, dealing a blow to a man who has been in the role little over 15 months......»»

Category: topSource: reutersApr 10th, 2017

Financial News: Bob Diamond returns to U.K. investment banking with Panmure Gordon buyout

The former Barclays CEO’s investment firm Atlas Merchant Capital has teamed up with a Qatari investment bank to acquire one of London’s oldest financial firms......»»

Category: topSource: marketwatchMar 17th, 2017

Barclays profits almost triple to £3.2bn

Surge in investment banking revenues and falling litigation costs help bank bounce back.....»»

Category: topSource: ftFeb 23rd, 2017

Barclays says it will complete its restructuring early

Barclays Group says it will complete its restructuring six months earlier than planned as it sheds risky assets and focuses on consumer, corporate and investment banking in New York and London.....»»

Category: topSource: abcnewsFeb 23rd, 2017

Barclays Swings to Profit as Restructuring Nears End

Barclays swung to a full-year net profit of GBP1.6 billion ($1.99 billion), as the bank's management said it was just months away from finishing a restructuring of the U.K. lender......»»

Category: topSource: foxnewsFeb 23rd, 2017

Barclays Said to Cut Investment Bank Bonus Pool

Barclays Said to Cut Investment Bank Bonus Pool.....»»

Category: videosSource: videonewsindexFeb 22nd, 2017

The head of an investment bank explains how Trump, Brexit, and the rest have changed trading

REUTERS/Toru HanaiThe world has changed pretty dramatically in the past 12 months. We've moved from an era of globalization to one of nationalism and populism. There has been a shift from fears of s.....»»

Category: topSource: businessinsiderFeb 20th, 2017