Staley slapped with £600k fine for whistleblowing scandal
Jes Staley has been slapped with a fine in excess of £600,000 for a breach of conduct in his attempts to uncover a 2016 whistleblower.
Barclays
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Mortgage-backed securities and PPI hit Barclays in Q1
Barclays has reported a group pre-tax loss of £236m for its first quarter following a £1.4bn settlement with the US Department of Justice (DoJ) over the sale of mortgage-backed securities.
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Dovish Carney fails to dent enthusiasm for UK banks
Despite Brexit uncertainty and a more dovish tone from the Bank of England (BoE), many managers are arguing that now is the time to embrace the big four UK banks as a cheap, tactical value play.
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Barclays boss faces fine over whistleblowing scandal
Barclays CEO Jes Staley is facing a fine for an alleged breach of conduct in his attempts to uncover a 2016 whistleblower but will be allowed to keep his job.
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Barclays and Aviva buck downward trend in FOS complaints
Aviva and Barclays bucked the downward trend in complaints about financial services companies made to the Financial Ombudsman Service (FOS) in the second half of 2017, according to the latest figures.
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Barclays’ shares up 5% despite £2bn loss
Barclays’ shares took off as markets opened on Thursday as the prospect of doubling its dividend took away the sting of its almost £2bn loss.
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Barclays slapped with second SFO charge
Barclays’ UK retail banking arm is now facing the ire of the Serious Fraud Office over its involvement in the bank’s alleged unlawful lifeline deal with Qatari investors.
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HSBC boosts private bank with key hires
Following a series of appointments in 2017, HSBC Private Banking has continued to expand its UK presence with several hires.
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Woodford backs two more banks
Neil Woodford has added to his position in UK banks, with both Barclays and RBS appearing in his portfolios he revealed on Thursday.
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RBS braces for 10th full year without profit
RBS hit another milestone on its road to recovery, posting a third consecutive quarter of profits but analysts suspect it has further to go before it is back in the black for the full year.
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Barclays ditches bad bank but Q3 profits fall short
Barclays’ first trading update since ditching its troubled non-core unit was a let-down as its trading arm proved a drag on profits.
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Barclays’ loss sparks fears ‘good bank is getting worse’
Barclays seems to have got a handle on its “bad bank”, but it nevertheless swung to a loss over the first half of the year, leaving analysts feeling “the good bank is getting worse”.
