Barclays

Barclays PLC is a global financial services company that provides various financial products and services worldwide. It is engaged in retail banking, credit cards, corporate and investment banking, and wealth management with an extensive international presence in Europe, the Americas, Africa, and Asia. The company offers current accounts, savings products, Woolwich-branded mortgages, unsecured loans, general insurance, and banking and money transmission services to small- and medium-sized businesses; investment and insurance products; business lending services; bank assurance solutions; and retail, credit and debit card, and corporate services. It also offers international payments services for consumer and business customers, including credit cards and consumer lending services; investment banking services comprising strategic advisory, financing, and risk management services to large corporate, government, and institutional clients; integrated corporate banking solutions, including cash management, lending, and trade financing services to corporate and financial institutions as well as multinationals; and a range of wealth and investment management services such as international and private banking, investment management, fiduciary, and brokerage services. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs more than 147,500 people. Barclays moves, lends, invests, and protects money of more than 48 million customers and clients worldwide. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985. It was founded in 1896 and is headquartered in London, United Kingdom.

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Barclays Plc operates as a bank holding company, which engages in the provision of retail banking, credit cards, corporate and investment banking, and wealth management services. The firm operates through Barclays UK and Barclays International segments. The Barclays UK segment consists the U.K. retail banking operations, U.K. consumer credit card business, U.K. wealth management business and corporate banking for smaller businesses. The Barclays International segment includes corporate banking franchise, the investment bank, the U.S. and international cards business and international wealth management. Barclays was founded on 1690 and is headquartered in London, the United Kingdom.

Lloyds Banking Group

NatWest Group plc 

This Labour government poses little threat to the UK banks, according to analysts as Wall St bank Citi. Near-term implications from a Labour government are limited, Citi adds, with this quarter tipped to mark the trough for UK domestic bank NIMs [net interest margins].

Lloyds, Barclays and Natwest have little to fear from new government, Citi suggests

In sync with its plan outlined in February, Barclays (BCS) announces the sale of its German consumer finance business. The deal will free up substantial capital and strengthen its balance sheet.

Barclays (BCS) to Sell German Consumer Finance Business

HSBC Holdings

Some of the UK's largest high-street banks have begun cutting mortgage rates as they look to take advantage of the pent-up demand after the election and when base rates are cut.  Both HSBC Holdings PLC (LSE:HSBA) and Barclays PLC (LSE:BARC) reduced their rates for the second time in as many weeks, with the latest changes set to come into effect tomorrow.

Barclays, HSBC and other lenders cut mortgage rates again

Barclays PLC (LSE:BARC) has struck a deal to offload its German consumer banking business to Austrian bank Bawag for a "small premium to net assets", but said the sale would not increase how much capital it would return to shareholders.  The cash sale of Hamburg-based Consumer Bank Europe is expected to release around €4 billion (£3.4 billion) of risk weighted assets, increasing its CET1 capital ratio by roughly 10 basis points on completion, which is expected within six to nine months.

Barclays sells German consumer banking business

Barclays has agreed to sell its German consumer finance business to Austrian bank BAWAG Group AG for a "small premium to net assets", payable in cash, it said on Thursday, as the British lender aims to simplify its business.

UK's Barclays to sell German consumer finance business

BAWAG Group today announces the signing of a transaction to acquire Hamburg-based Barclays Consumer Bank Europe from Barclays Bank Ireland PLC.

BAWAG acquires Barclays Consumer Bank Europe

JP Morgan analysts have reiterated their positive outlook on UK banks, particularly highlighting Natwest Group PLC and Barclays PLC (LSE:BARC) as top picks in the sector. After meetings with senior leadership for the leading operators, it highlighted the duo because of their resilient profit margins, strong cash generation, and high returns.

NatWest and Barclays top UK banking picks of US investment bank, Lloyds could struggle

UBS analysts remain positive on UK bank stocks over their European counterparts, with a particular bias for Barclays PLC (LSE:BARC). In a broker note published on Tuesday, UBS highlighted UK banks' solid earnings season and an improved outlook, citing increasing net interest income driven by structural hedges.

Barclays top pick among UK banking stocks, says UBS

NEW YORK--(BUSINESS WIRE)--Barclays PLC notes the Federal Reserve Board's (“FRB”) publication of the results from its annual bank stress tests on 26 June 2024. The projected capital ratios for Barclays US LLC (Barclays' US intermediate holding company) remained above the regulatory minimum required levels across all nine quarters of the test. In addition, Barclays US LLC has published its own assessment of its results under the FRB's hypothetical supervisory severely adverse scenario, which can.

Barclays US LLC Annual Stress Test Results

Pay.uk, the body which oversees Britain's retail payments, has revealed the technical issue which prevented bank users from being able to send payments and receive their monthly salaries has been fixed.  A spokesperson said: "We are aware that a small number of faster payments were delayed or not processed earlier today.

Bank outages fixed after users left frozen out on payday

HSBC Holdings PLC (LSE:HSBA) has followed rivals Barclays and NatWest and started to cut its mortgage rates ahead of what is expected a run of base rate reductions to the end of the year and into 2025. NatWest announced reductions to its rates on Friday with Barclays cutting some rates today and now HSBC has said it will lower its rates from tomorrow, though there are no details yet.

HSBC, Barclays and NatWest all cut mortgage rates

Barclays PLC (LSE:BARC) is cutting rates on several mortgage offerings, opening the door for other lenders to follow suit.  Starting tomorrow, some of the bank's new deals include: Two-year fixed deal with 90% LTV and no product fee at 5.48% from 5.76% Two-year fixed deal with 60% LTV and no product fee at 4.88% from 5.13%  Five-year fixed deal with 90% and a £999 product fee at 4.85& from 4.90% Riz Malik at R3 Mortgages said: "Barclays is the first lender of the week to improve selected mortgage products but my suspicion is that it won't be the last.

Barclays to cut mortgage rates; rivals predicted to follow

Being long equities is no longer an easy decision. But it is even harder to love bonds at these levels.

It's a tough call to buy stocks at these levels. But they're a better option than bonds, says Barclays.

Barclays has told City analysts it remains optimistic about growing its UK Corporate Bank, which accounted for 7% of profits last year. According to Barclays, currently, it has a 22% share of relevant corporate deposits but only a 9% share of relevant corporate lending and wants this latter number to increase.

Barclays corporate bank ambitions underline appeal, suggests broker

Barclays will cut about 100 million pounds ($127 million) of annual costs from its UK corporate banking business by 2026, it said on Tuesday, as part of wider cost-cutting plans announced in February.

Barclays' UK corporate bank to cut 100 mln pounds of costs by 2026

The PRA asks Barclays (BCS) to review its exposure to leveraged finance as part of an industry-wide probe into lenders' exposure to the private equity industry.

Barclays (BCS) Asked to Review Exposure to Leveraged Finance

Live Nation

Surrendering to pressure from several music acts and an ad-hoc movement, Barclays has suspended its sponsorship of all 2024 music festivals organized by Live Nation in the UK. The festivals now without Barclays backing include such popular events such as Download, Latitude, and the Isle of Wight Festival, according to Business Matters.

Barclay's Suspends Sponsorship Partnership With Live Nation For All 2024 UK Music Festivals

The suspension comes after several artists, including country singer CMAT, metal band Ithaca and comedian Joanne McNally, pulled out of the events.

Barclays suspends sponsorship of Live Nation music festivals after acts quit over Israel ties

Barclays suspended on Friday its sponsorship of all Live Nation music festivals in 2024 after various acts dropped out in protest over the bank's links to defense companies that work with Israel.

Barclays suspends sponsorship of Live Nation music festivals after protests

Barclays to explain its exposure to the private equity sector as concerns increase about how much has been lent to finance leveraged or highly debt-funded deals. According to a report by Bloomberg, the UK bank has been told by the Prudential Regulation Authority, the Bank of England's financial sector regulator, to commission a section 166 review of the business.

Barclays told to measure private equity exposure

NEW YORK--(BUSINESS WIRE)--Barclays Bank PLC (“Barclays”) announced today that it will exercise its issuer call option and redeem in full each of the 18 series of iPath® ETNs (the “ETNs”) listed in the table below on June 28, 2024 (the “Redemption Date”). Name of ETN Bloomberg Ticker CUSIP/ISIN iPath® GEMS Asia 8 ETN AYTEF 06738G878 / US06738G8785 iPath® Bloomberg Cotton Subindex Total ReturnSM ETN BALTF 06739H271 / US06739H2711 iPath® EUR/USD Exchange Rate ETN EROTF 06739F184 / GB00B1WPBD95 iP.

Barclays Announces the Redemption of 18 iPath® ETNs

Britain's Prudential Regulation Authority (PRA) has asked Barclays to review its exposure to leveraged finance, a source familiar with the matter said on Friday, part of an industry-wide probe into lenders' exposure to the private equity industry.

Barclays asked by watchdog to review private equity exposure, source says

RBC Capital Markets has revised its price target for Barclays PLC (LSE:BARC), reducing it from 260 pence to 250 pence citing a combination the investment banking exerting a drag along with higher expenses. Despite this reduction, RBC maintains its "outperform" rating for Barclays, reflecting confidence in the bank's long-term prospects.

Barclays stock downgraded, but still attractive - here's why

BNP Paribas SA

Shares in French banks have tumbled after President Macron called a snap election following a strong performance from to far-right parties in the European Union Parliamentary votes. BNP Paribas tumbled by more than 4.5%, while Societe Generale fell by around 7.5% in reaction to Macron's announcement.

Banks tumble as Macron's election gamble increases political instability

Barclays' (BCS) efforts to reduce costs and its strategic buyouts are likely to aid growth. Solid capital distributions are another positive.

News for Barclays Stock (BCS)