Barclays investment bank profits split nearly 50pc
Weeks after shareholders protested against Barclays pay policies, the groups quarterly results reveal slumping figures.
Weeks after shareholders protested against Barclays pay policies, the groups quarterly results reveal slumping figures.
Asset managers lead protests over performance
Oliver Gregson joins as head of private bank UK investment group
Short maturity corporate bond funds are looking popular as State Street launches its product.
According to the group’s final results to 31 December 2013, the division now has client assets of £204.8bn, up from £186bn for the previous year. Both its total and net operating income figures were largely flat, with a 4% decline in net operating income, to just more than £1.7bn. Total operating expenses were 21% higher…
Investors are still placing too much faith in central banks, and investors could be in for a bumpier ride if monetary normalisation proceeds more briskly than expected, says Barclays Wealth and Investment Managements European CIO Kevin Gardiner.
Barclays Stockbrokers has announced its new pricing structure after Fidelity and Hargreaves Lansdown revealed their hands.
Barclays Wealth and Investment Management believes a stock market setback is long overdue and has been adding further to its cash positions.
Hector Sants has decided to leave Barclays after taking some time out due to stress.
Barclays' wealth arm set aside a £22m provision during the summer to compensate clients invested in the suspended AIG Enhanced Variable Rate fundm and after sweetening its offer it is understood most affected clients have accepted.
Profits in the wealth arm of Barclays have been dragged down 68% by the bank’s costly image overhaul, while a fresh scandal over currency price manipulation is brewing.
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.