Barclays Share News (BARC)

UK city minister to warn banks over "de-banking" customers

(Alliance News) - City minister Andrew Griffith has summoned bank chiefs for a meeting to discuss how customers can be protected from "being de-banked" after Coutts cut ties with Nigel Farage.

Barclays hires Schulte as new head of US IG syndicate

July 20 (Reuters) - Barclays has hired Scott Schulte as its new head of U.S. investment-grade debt syndicate desk, sources familiar with the matter said.

Judge throws out Citigroup ex-trader's lawsuit tied to foreign exchange probe

NEW YORK, July 20 (Reuters) - A U.S. judge threw out a $112 million lawsuit by a former senior London-based trader for Citigroup, who accused the bank of falsely implicating him in a criminal probe into foreign exchange price fixing after firing him.

Britain's banks slow in passing higher rates to savers -watchdog

LONDON, July 19 (Reuters) - Britain's banks are not passing on higher interest rates to savers fast enough, though this is expected to accelerate in coming months as a new duty to provide good outcomes for consumers comes into force, UK financial regulators said on Wednesday.

Britain's banks too slow in passing higher interest rates to savers, says watchdog

LONDON, July 19 (Reuters) - Britain's banks are not passing on higher interest rates to savers fast enough, though this is expected to accelerate in coming months as a new duty to provide good outcomes for consumers comes into force, UK financial regulators said on Wednesday.

SSP completes bank refinancing with new GBP300 million four-year loan

(Alliance News) - SSP Group PLC on Tuesday said it has completed the refinancing of its syndicated banking facilities, including a new GBP300 million four-year loan and undrawn GBP300 million revolving credit facility.

British prime minister seeks to win back corporate confidence with new business council

LONDON, July 17 (Reuters) - British Prime Minister Rishi Sunak will hold the first meeting of his new business council on Tuesday, in a bid to support his pledge to grow the economy and fend off attempts by the opposition Labour Party to win over the business community.

Banco BPM shares rise after payments deal with FSI

MILAN, July 17 (Reuters) - Banco BPM shares rose as much as 2.7% on Monday after Italy's third-largest bank said it would sell 71.6% of its card and shopowner payments operations to private equity fund FSI for 500 million euros ($561 million) in cash and shares.

Luxury group Richemont boosted by Asia recovery but Americas weigh

ZURICH, July 17 (Reuters) - Luxury group Richemont reported a 14% increase in first- quarter sales on Monday, boosted by a strong rebound in Asia and demand for its high-end jewellery.

Luxury group Richemont reports 14% sales growth during first quarter

ZURICH, July 17 (Reuters) - Richemont reported weaker than expected sales during its first quarter as the world's second biggest luxury group continued to see strong demand for its high-end jewellery.

US Virgin Islands demands $190 mln from JPMorgan in Epstein case

NEW YORK, July 14 (Reuters) - The U.S. Virgin Islands said it wants JPMorgan Chase to pay at least $190 million, and possibly much more, to resolve its lawsuit accusing the largest U.S. bank of ignoring the disgraced late financier Jeffrey Epstein's sex trafficking.

PRESS: Barclays in preliminary talks to sell German asset - Bloomberg

(Alliance News) - Barclays PLC is preparing the sale of its consumer-finance business in Germany and has held preliminary talks with potential buyers, according to a Bloomberg report on Thursday.

European shares jump as cooling US inflation boosts rate pause bets

STOXX 600 up for fourth straight session

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LONDON MARKET CLOSE: FTSE 100 soars as US inflation ebbs in June

(Alliance News) - Stock prices in London closed sharply higher on Wednesday, as US inflation cooled more than expected in June, boosting investor confidence.

Bank of England stress test finds top 8 UK banks have enough capital

LONDON, July 12 (Reuters) - Britain's eight largest lenders have enough capital to ride out a worse economic crisis than that seen in 2008, the Bank of England (BoE) said on Wednesday, as the sector faces sharply rising interest rates pummelling consumers and businesses.