Tag: Barclays PLC

Barclays office building
February 15, 2024 BY Simon Mugo

Barclays Considers Acquiring SocGen’s UK Private Banking Unit

Societe Generale, with advisory services from Rothschild & Co, has initiated seeking potential buyers through an auction for Kleinwort Hambros, as mentioned by two sources. The French banking conglomerate is also preparing to divest its private banking operations in Switzerland, aligning with its strategy to streamline its business portfolio, the sources added. Kleinwort Hambros, which…

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Barclays CEO - Venkat
November 28, 2023 BY Simon Mugo

Barclays Could Shed up to 2,500 Clients in a Cost-Cutting Move

Additionally, Barclays is considering streamlining its investment division, which might result in the departure of thousands of investment banking clients who have relatively low capital. The move towards cost savings and restructuring is driven by Barclays' desire to boost revenue and significantly reduce costs. This decision comes after reports of declining investor confidence in the…

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April 10, 2017 BY Valentina Kirilova

FCA and PRA commence investigations into Jes Staley and Barclays

Barclays PLC and Barclays Bank PLC (LON:BARC) just announced that the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have commenced investigations into: Jes Staley, Group Chief Executive Officer of Barclays, as to his individual conduct and senior manager responsibilities relating to Barclays whistleblowing programme and an attempt by Mr Staley in 2016 to…

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