Barclays Shares Decline as Bank Signals End of Rates Boom
Shares in Barclays Plc on the London Stock Exchange dropped by 6% on Thursday morning after the UK lender decided to cut its guidance for net interest margin at its retail bank. This move suggests that the bank believes that its boost from rising...
Barclays Announces Appointment of Wells Fargo & Co Executive
A spokesperson from Barclays Plc confirmed to Reuters that the British bank had hired Jim Birchenough from Wells Fargo & Co as its new chairman of global healthcare investment banking.
Before taking the position at Barclays, Birchenough last acted as the vice chairman of biopharma...
Barclays Posts Unexpected Profit Decline Following Year of Legal Challenges
Barclays Plc experienced an unexpected 8% drop in profits for 2022 after the bank missed its revenue estimates in every major business line. The company's stock fell by 9.8% following the announcement.
While trading droughts and a poorly performing finance portfolio contributed to declining revenues,...
Barclays Invests in Crypto Advisor Copper
British investment bank Barclays is dipping its toes into cryptocurrency. According to UK media outlet Sky News, Barclays invested in the crypto advisor Copper during the company's recent funding round.
According to the outlet, Barclays didn't commit a significant amount of money, with its investment...