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Barclays , unveiling its biggest revamp since 2016, sought to appease investors seeking a clearer route to less volatile returns.
American Depositary Receipts (ADRs) of Barclays Plc (BCS) soared on Tuesday as the U.K.-based bank announced a major restructuring as well as plans to slash costs and return billions to shareholders.
Barclays' (BCS) Q4 earnings decline on lower revenues. Stock rallies as investors cheer business overhaul plan and medium-term financial targets.
Large UK lenders have been criticized once again for offering low rates on their easy access savings accounts. According to Moneyfacts, Barclays PLC (LSE:BARC), HSBC Holdings PLC (LSE:HSBA), Lloyds Ba
Barclays on Tuesday outlined plans to restructure its business with a view to cutting its costs by £2 billion over the next two years and boosting its returns to shareholders, with a view to paying o

Barclays cost cutting could see 17,000 jobs go

03:31am, Tuesday, 20'th Feb 2024
New cost-cutting measures at Barclays PLC (LSE:BARC), aimed at delivering annual savings of £2bn, could result in 17,000 job losses. Analysts at research house Third Bridge estimate a 20% reduction i
Barclays said it plans to return £10 billion of capital to shareholders and go on a major cost-cutting drive as part of Chief Executive Officer C.S. Venkatakrishnan's efforts to boost returns above
Barclays PLC (LSE:BARC) has unveiled a corporate overhaul, £2bn of cost cuts and a £10bn capital return as it looks to enliven the company's sluggish operational and financial performance as part o
Barclays on Tuesday reported a fourth-quarter net loss of £111 million ($139.8 million) as the British lender delivered its first major strategy update since 2016.
Barclays reported its annual profit fell 6%, in line with expectations, as Chief Executive C.S. Venkatakrishnan set out plans including cost cuts, a management overhaul and asset disposals to improve
Barclays PLC (LSE:BARC) (Barclays PLC (LSE:BARC)) results tomorrow will be accompanied by a strategic review of the business and the results might not be pretty. Hargreaves believes there will be a f
The FTSE 100 index jumped by more than 1.50% on Friday after the UK published encouraging retail sales numbers. That report came a day after the latest UK GDP report showed that the economy contracted
Barclays (BCS) is eyeing to buy Societe Generale's U.K. private bank in an effort to expand its business.
Barclays is said to be mulling the acquisition of SocGen's UK private bank, Kleinwort Hambros.  SocGen has initiated an auction process for its Kleinwort Hambros unit, as per Reuters sources.
A Barclays vice president is suing the British bank for about 230,000 pounds ($289,616.00), alleging she was passed over for promotion because of racial, religious and sex discrimination.
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