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Stock Market & Financial Investment News

News Breaks
May 8, 2014
05:39 EDTBCSBarclays increases 2014 headcount reduction to 14,000
Barclays said it will be "repositioned, simplified and rebalanced to improve returns significantly." Its four core businesses will be Personal and Corporate Banking, Barclaycard, Africa Banking and Investment Bank. Barclays also announced the creation of Barclays Non–Core. The unit "groups together those assets which do not fit the strategic objectives or returns criteria underlying the Strategy Review." Personal and Corporate Banking, Barclaycard and Africa Banking account for the majority of the Group’s RWAs in core Barclays. Plans for the Investment Bank will result in gross headcount reductions of around 7,000 by 2016 across core and non-core. The overall 2014 Group gross headcount reduction has been increased to 14,000.
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August 31, 2014
16:09 EDTBCSCaixabank agrees to buy Barclays retail banking unit in Spain, WSJ says
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August 29, 2014
06:53 EDTBCSBarclays loans $275M to finance Detroit bankruptcy, WSJ says
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August 28, 2014
06:35 EDTBCSEuro zone credit crunch showing signs of improving, Reuters says
Loans to the private sector by euro zone banks dropped 1.6% in July versus the same period a year earlier, compared with a year-over-year decline of 1.8% in June, according to Reuters. Meanwhile, the bloc's M3 money supply increased at a 1.8% annual rate in July, versus 1.6% in June, the news service added. The upturn in the data comes after the European Central Bank started charging banks in June to keep their deposits overnight, Reuters added. Publicly traded euro zone banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
August 20, 2014
17:14 EDTBCSBarclays settles Thornburg Mortgage lawsuit, WSJ says
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