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Barclays
Europe's Economic Crossroads: Recession Fears and S&P Global's
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Institutional FX
FCA Concludes 16-Year Barclays Qatar Case With £40 Million Fine
2024-11-25T10:09:34.961+02:00
The banking giant agrees to pay a penalty for failing to disclose Qatari payment arrangements during 2008 crisis fundraising.
Settlement ends decade-long regulatory battle and follows earlier acquittal of executives in criminal case.
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Analysis
TikTok Traders: Gen Z Shifts to Social Media for Financial Guidance
2024-10-21T11:30:14.973+02:00
51% of UK investors searching for online financial advice don't verify finfluencers' credibility.
Barclays study reveals generational differences in platform preferences.
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Executives
Barclays Names Ex-TD Securities' MD Stephen Stewart as Head of M&A Execution in Canada
2024-08-09T17:41:12.384+02:00
Stewart has advised on major transactions such as Nuvei's $6.3 billion take-private by Advent International.
He was also responsible for advising Dream Global REIT on its $6.2 billion sale to Blackstone.
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Payments
Payment System Outages Highlight Vulnerabilities in Banking Infrastructure
2024-06-28T18:09:16.510+02:00
Service disruptions at HSBC, Nationwide reveal digital banking weaknesses.
Ripple effects of technical failures.
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Institutional FX
Deutsche Bank and Barclays Soar in Q1, Report Net Income above Expectations
2024-04-25T08:43:15.046+02:00
Both banks have implemented measures to improve efficiency and boost shareholder returns.
Barclays' net profit was about $600 million higher than Deutsche Bank's.
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Retail FX
Barclays Reports 29% Increase in Investment Scams over Past Year
2024-04-17T13:16:13.179+02:00
On average, the typical consumer loses £14,000 to financial scammers.
Most fraudulent activities occur via social media, targeting millennials.
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Trending
Barclays Cuts 5,000 Jobs in 2023 to Drive Efficiency
2024-01-09T15:54:48.310+02:00
They're aiming to "reshape", "improve" and "deliver".
The firings mostly fell in Barclays Execution Services.
Barclays isn’t the only one letting people go.
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Louis Parks
Retail FX
Barclays' Billion-Dollar Savings Quest May Lead to 2,500 Investment Client Cuts
2023-11-28T13:08:57.988+02:00
The bank is considering various options for cost savings.
In addition to cutting jobs, it wants to streamline the investment division significantly.
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Institutional FX
Barclays’ Former CEO Fined £1.8 Million by FCA
2023-10-12T14:09:50.511+02:00
A legal battle looms as appeals to the Upper Tribunal challenge the FCA's decision.
The FCA emphasizes the CEO's role in exercising sound judgment.
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Executives
Barclays Fortifies G10 FX Trading Team with Co-Head Appointments
2023-06-26T11:22:45.175+02:00
Barclays appoints Torsten Schöneborn and Jerry Minier as the Co-Heads of G10 FX Trading.
The firm's Head of Macro believes the duo will drive Barclays toward a top market spot.
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Institutional FX
Barclays Bets on Working Capital Finance, Invests $3m in Trade Ledger
2023-05-25T14:43:35.811+02:00
Barclays wants to focus on digital, automated credit management solutions.
Despite strong financial indicators, Barclays reported a 14% YoY profit dip in 2022 and recent job cuts.
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Institutional FX
Barclays Joins the Layoffs Bandwagon, Cuts 100 Jobs in Investment Banking
2023-04-17T11:30:22.276+02:00
Investment giant prepares for another round of job cuts.
However, the cuts are more modest than those of competitors.
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Institutional FX
Barclays Profit Falls 14% and Shares on Track for Worst Day in 3 Years
2023-02-15T13:07:34.365+02:00
Investment banks' costs rose more than 25% over a year.
The stock market reaction shows an evident disappointment among investors.
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Executives
Nomura’s Tim Albers Rejoins Barclays as Head of FX Strats & Structuring
2022-12-31T00:05:27.761+02:00
Albers previously worked at Barclays Capital as a forex executive.
He brings about 15 years of experience to the role.
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Institutional FX
16 Wall Street Firms to Pay $1.1B for 'Off-Channel Communications'
2022-09-28T02:00:41.734+02:00
The firms include Barclay Capital, BofA, Citigroup and Goldman Sachs, among others.
The violation happened between January 2018 and September 2021.
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News
Barclays Plans to Buy a Stake in Crypto Platform Copper
2022-07-25T13:11:33.758+02:00
According to a report from Sky News, Barclays is investing millions of dollars in Copper.
The funding round of the crypto firm is expected to be finalized within the coming days.
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Institutional FX
Barclays Pays $2.8M Fine for Customer Confirmation Non-Compliance
2022-06-30T13:08:34.106+02:00
There were 11 underlying issues resulting in failure.
The bank was aware of the inaccuracies from mid-2017.
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Executive Moves
Barclays Picks Arif Vohra as Co-Head of FIG in EMEA
2022-06-27T11:01:38.325+02:00
He joins Barclays from Bank of America.
In his new role, Vohra will report to Tim Main.
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Executive Moves
Ben Parkinson Becomes FX Automation Sales Head at Barclays Subsidiary
2022-06-21T07:59:43.691+02:00
He is now an MD and the Head of Global Fintech and FX Automation Sales.
He has been working at Barclays for the past 15 years.
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Executive Moves
Hossein Zaimi Joins Barclays as Head of Markets for Asia Pacific
2022-05-12T14:17:08.837+02:00
In his new role, Zaimi will drive the company’s APAC Markets business.
He has nearly three decades of experience in the financial services industry.
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Executive Moves
Bitstamp Selected James Greenwood as Its CTO and Filled Other Posts
2022-03-15T14:26:51.344+02:00
Greenwood replaces David Osojnik, who advances to the Advisory Board.
Also, Miha Miklic has been elevated to the rank of Deputy CTO.
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Executive Moves
Copper.co Has Onboarded Carly Nuzbach Lowery as Chief Legal Officer
2022-03-15T10:43:58.712+02:00
Lowery brings more than 20 years of experience as a legal rep in Fintech.
Copper.co intends to offer a gateway to the crypto market for institutional investors.
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Executive Moves
Barclays Expands Presence in Asia with New Appointments
2022-03-01T15:41:45.332+02:00
Carrie Chen and Raymond Yu have joined as co-heads of investment banking, Greater China.
Barclays has a strong presence in Hong Kong.
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Institutional FX
FCA Imposes £783,800 Penalty on Barclays
2022-02-28T13:10:58.402+02:00
The authority has fined Barclays for oversight failings in its relationship with Premier FX.
Barclays was the sole banker of Premier FX in the United Kingdom.
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Institutional FX
Barclays Fined $350K for Lapses in Market Access Controls
2022-02-25T12:31:50.567+02:00
It has already agreed to pay the penalty imposed by FINRA.
The failure impacted thousands of executed orders.
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See more
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