Barclays’ clients lead charge out of dark pools July 21, 2014 THE NUMBER of shares traded in Barclays’ dark pool collapsed by more than half last week, industry data showed yesterday, as clients flee the private trading platform. The bank is facing allegations in the US that it misled clients trading on the LX platform, leading to a 66 per cent fall in shares traded on the site. [...]
Exclusive: Barclays wants time to probe dark pool claims July 21, 2014 BARCLAYS may be forced to ask the US authorities for more time to look into allegations it misled investors using its dark pool trading platform, City PM understands. The British bank was accused last month of telling clients the private trading facility was safe from predatory operators like high frequency traders – but it is [...]
Silver for Barclays beach volleyball team as the City battles it out in the sunshine July 21, 2014 What better time to enjoy a corporate volleyball mash-up than the hottest day of the year? Friday saw teams from the likes of Barclays, Bank of America Merrill Lynch, Linklaters and Fitch Ratings go up against each other on Action for Kids’ beach volleyball courts but victory was saved for the returning champions Reebok [...]
Barclays ditches cashiers as it shifts to digital July 11, 2014 The face of high street banking is changing, and Barclays has decided to drop the role of traditional cashier as customers increasingly adopt digital services for managing their finances. The British bank has announced that it will be moving 6,500 employees from cashier roles to advisory roles, where they will help customers with managing [...]
Barclays appoints Matthew Ponsonby as new European M&A boss July 8, 2014 Barclays has shuffled its top dealmaking staff, naming Matthew Ponsonby has the new head of European mergers and acquisitions following the departure of Mark Warham. Ponsonby held the role as co-head until 2013 when he became chief operating officer for banking. Gary Posternack will be global head of M&A.
Ex-Barclays boss Bob Diamond joins Twitter July 7, 2014 Bob Diamond, the former boss of Barclays bank, has joined Twitter using the name @rediamondjr. The ex-Barclays chief, who departed the bank in 2012 amid the Libor scandal, has yet to tweet but is already following three people. Perhaps wanting to build a better relationship with the media that lay much of the blame for [...]
Customers complain after Barclays system failure July 4, 2014 This afternoon, customers of Barclays bank were unable to withdraw cash from machines or use their online banking service. The problem, which is thought to have arisen at around 3pm, has resulted in a surge of complaints on Twitter. In response, Barclays bank posted a tweet letting customers know that they were dealing [...]
St Antony tells Barclays executives to go back to school to avoid fresh scandals July 3, 2014 HUNDREDS of managing directors are going back to school for courses on compliance, risk and crime prevention, Barclays announced yesterday, in the wake of a series of scandals which have devastated the bank’s reputation. Barclays is spending tens of millions of pounds on a new tie-up with the Cambridge Judge Business School. It hopes all [...]
Silicon Roundabout guru Tim Luke back to Barclays’ investment bank July 1, 2014 Top technology analyst Tim Luke is heading back to Barclays this month, the bank announced last night, after three years as an adviser to Prime Minister David Cameron. Luke has been re-hired by the bank as managing director and vice-president of technology, media and telecomms (TMT) in New York. He worked at Lehman Brothers and [...]
Barclays paid corporation taxes worth 53 per cent of 2013 profits June 30, 2014 Barclays paid tax of 53 per cent on its profits last year, according to data published today. It made a pre-tax profit of £2.87bn, but paid corporation taxes of £1.56bn across the world. British taxes were only a small proportion of that – it reported profits of £4.87bn in the UK but corporation taxes of [...]
