barclays to sell spanish wealth arm
Barclays Bank last night agreed to sell its Spanish retail banking and wealth management business to CaixaBank, incurring a £500m ($830m, 632m) loss after tax on the transaction.
Barclays
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Barclays accused of fraud and deceit
The New York Attorney General is suing Barclays over the operation of its so-called dark pool electronic trading division, alleging that investors were left exposed to predatory trading practices.
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One year on still bullish Buxton likes Barclays
After one year in his new position as head of equities at Old Mutual Global Investors, Richard Buxton explains why he remains bullish and what he likes at the moment.
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Barclays fined 26m for gold fixing failings
Barclays Bank’s reputation has taken another heavy blow this morning after the Financial Conduct Authority handed it a £26m fine for failing to manage conflicts of interest in relation to gold trading.
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barclays uae sale forces 110000 clients to decide
Barclays has sold its United Arab Emirates arm to Abu Dhabi Islamic Bank (ADIB), forcing 110,000 of its clients to choose whether to switch to Islamic-compliant products.
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podesta and sene to head new gib
Lawrence Podesta and Derek Sene have been named to head up the proposed Gibraltar International Bank as chief executive officer and chief operating officer, respectively, as the fledgling institution moves in the direction of becoming a reality.
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gibraltar govt approves plans for new locally
The Gibraltar Government has approved plans for a new “credit institution” that is seen as filling a need in the marketplace that was made more urgent by Barclays’ recent announcement of plans to reduce its Gibraltar presence.
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ex barclays chief bob diamond in london
Bob Diamond, the London-based American chief executive of Barclays who resigned last year in the wake of the Libor rate-fixing scandal, is to return to the industry with a listed “acquisition vehicle” that will target African institutions.
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big banks top FCA complaints list after
Barclays Bank has topped the Financial Conduct Authority’s list of most complained about firms, with Lloyds, Bank of Scotland and Santander UK following closely behind.
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barclays withdraws wealth management services
Barclays is to reduce the number of markets in which it provides wealth management and investment services from around 200 to 70 by the end of 2016 in a bid to "reduce the complexity" in its business and stick with the markets that it claims still hold over 80% of the world's wealth.
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barclays to sell uae retail banking operation
Barclays has announced it is to sell its retail banking unit in the UAE following the conclusion of a company-wide strategic review.
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stake shake up at barclays
The Abu Dhabi sheik that provided rescue capital for Barclays at the peak of the financial crisis has sold his stake in the bank at a considerable profit in a reflection of the bank’s recovery.