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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.
News For BCS From The Last 14 Days
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January 28, 2015
16:56 EDTBCSFederal judge says FOREX manipulation case to proceed, Reuters reports
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January 27, 2015
06:52 EDTBCSEuropean Central Bank raises capital requirements for banks, WSJ says
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January 22, 2015
06:37 EDTBCSNew York Attorney General seeks to expand Barclays lawsuit, Telegraph says
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January 20, 2015
07:30 EDTBCSU.K. banks see Bitcoin as threat to sterling, boon to terrorists, Telegraph says
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07:28 EDTBCSTreasury Institute for Higher Education to hold a symposium
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January 18, 2015
16:16 EDTBCSBarclays loses 'millions' on Swiss franc volatility, Reuters says
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