Barclays has been making headlines due to its strategic moves in the financial sector. The British multinational investment bank has been at the forefront of European fossil fuel financing, drawing attention for its significant role in the industry. Additionally, Barclays made a notable acquisition by agreeing to purchase Tesco Bank's retail banking operations for £600 million, expanding its presence in the retail banking sector.
Barclays plc, headquartered in London, England, is a prominent global financial services company with a focus on investment banking, personal banking, corporate banking, and wealth management. Led by CEO Coimbatore Sundararajan Venkatakrishnan, Barclays has been implementing a strategy to rebalance the bank and enhance shareholder returns. The bank has also been actively involved in cost-cutting measures, including reducing its global headcount by around 5,000 employees as part of an efficiency program. Despite facing challenges such as restructuring and potential fines, Barclays reported record-high profits in 2023, showcasing its resilience and adaptability in the ever-evolving financial landscape.
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Among world’s top 60 banks those in US are biggest fossil fuel financiers, while Barclays leads way in Europe
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Barclays Bank, HSBC and TSB reveal changes, reversing some of price rises seen in recent weeks
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More than a million fans are set to spend an average of £848 each, new data suggests.
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Chairman Nigel Higgins was repeatedly interrupted as the meeting kicked off at the Scottish Event Campus in Glasgow.
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The UK’s Treasury Committee said the data showed a ‘staggering scale of unanticipated income high street banks are bringing in’.
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The financial watchdog has warned firms to ensure they have enough money for potential compensation.
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The bridge collapsed on Tuesday after being struck by a container ship, the Singapore-flagged Dali, sending vehicles into the water and threatening chaos at one of the most important ports on the US East Coast.
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March has been a bad month for technical glitches as UK supermarkets, a global fast food giant and now a major bank have all suffered from technical troubles.
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Companies that deal in climate risk data may see a boom in business.
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IMI and Carlyle agree to provide
£125m debt funding package for Very Group, with IMI seeking control of Telegraph titles.
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The Barclay family repaid Lloyds Banking Group with financing from an Abu Dhabi-backed fund to regain ownership of The Daily Telegraph titles.
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WPP's pre-tax profit fell by 70% and Bunzl acquired Nisbets for
£500 million.
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Several major companies, including Abrdn, Barclays, and Rolls-Royce, have announced plans for significant cost-cutting measures and job losses.
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Barclays CEO Coimbatore Sundararajan Venkatakrishnan unveils a strategy to rebalance the bank and boost shareholder returns, including returning at least £10 billion to shareholders over the next three years.
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UK banks report record-high profits for 2023 despite facing challenges such as restructuring and potential fines.
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Barclays, HSBC, Lloyds and Standard Chartered are about to update the market
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Barclays to acquire Tesco Bank's retail banking operations for
£600 million, including credit cards, loans, and savings.
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These estimates imply that property sales in China could fall 10 to 15 per cent this year, versus an initial forecast of about 5 per cent, CGS-CIMB’s Raymond Cheng says.
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UK Christmas retail sales show mixed results with grocery sales up but clothing and non-food items down
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Hedge funds are reducing exposure to mega-cap tech stocks, particularly Apple, due to concerns about sluggish sales and competition in China.