Cathal Deasy joins Barclays as co-head of investment banking. Chief Executive C.S. Venkatakrishnan is undergoing treatment for non-Hodgkin lymphoma. JF Astier and John Miller are in “active dialogue” with the company regarding future roles. Cathal Deasy, a veteran dealmaker at Credit Suisse (CSGN.S), has been named co-head of investment banking at Barclays (BARC.L), the institution … Read more
Barclays (BARC.L) has distributed terms to repurchase up to $17.6 billion. Protections sold in break of U.S. guidelines, possibly offering financial backers. Face esteem, to determine a mistake, has cursed its CEO’scatchy year in office. Barclays has recently saved 540 million pounds in arrangements towards expected expenses of the repurchase offer. The loan specialist said … Read more
Barclays intends to pay approximately £2.3 billion for Kensington Mortgages. The British bank will also buy Kensington’s £1.2 billion home loan portfolio. Kensington is a specialised mortgage lender that concentrates on offering residential property loans through brokers. Barclays has agreed to acquire specialist UK mortgage lender Kensington from private equity companies Blackstone and Sixth Street … Read more
Barclays posted an 18% reduction in net earnings in the first quarter due to litigation and bad debt losses on Thursday. Profit after tax declined to £1.4 billion ($1.8 billion, 1.7 billion euros) compared with the first three months of 2021, Barclays said in an earnings statement. Barclays booked an already-flagged litigation hit of £500 million … Read more
BRUSSELS: Brussels slapped fines totalling €344 million ($390 million) on Thursday on Barclays, RBS, HSBC and Credit Suisse after finding the banks had engaged in a forex trading cartel. Traders at UBS were also found to have taken part, but the European Commission agreed to reduce the Swiss bank’s fine to zero after it came … Read more
