Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 202.00
Bid: 202.40
Ask: 202.50
Change: -3.15 (-1.54%)
Spread: 0.10 (0.049%)
Open: 205.75
High: 206.10
Low: 197.68
Prev. Close: 205.15
BARC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Banks cut 5,500 branches across Europe in 2012

Sun, 11th Aug 2013 08:10

LONDON, Aug 11 (Reuters) - Banks cut 5,500 branches acrossthe European Union last year, 2.5 percent of the total, leavingthe region with 20,000 fewer outlets than it had when thefinancial industry was plunged into crisis in 2008.

Last year's cuts come after 7,200 branches were axed in2011, according to data analysed by Reuters from EuropeanCentral Bank statistics.

Banks across Europe have been closing branches in a bid totrim operating costs and improve their battered earnings.Consumer take-up of online and telephone banking services hasaccelerated the trend.

The data show EU banks cut 8 percent of branches inaggregate in the four years to the end of 2012, leaving 218,687branches, or one for every 2,300 people.

Last year's sharpest cuts were largely contained to theembattled periphery.

Crisis-stricken Greece saw one of the biggest contractionsin 2012, shedding 5.7 percent of its outlets, as mergers oflocal banks led to 219 branch closures. The trend is expected tocontinue into 2013 as Piraeus shuts some of the 312branches it snapped up from stricken Cypriot lenders in March.

Spain, where massive loan losses have put banks under fiercepressure to cut costs, lost 4.9 percent, or 1,963, of itsbranches in 2012.

Ireland's branch network contracted by 3.3 percent and isexpected to shrink again in 2013, while Italy's network was 3.1percent smaller by the end of the year.

Branch numbers were on the rise in some eastern Europeancountries including Poland (up 4 percent), the Czech Republic(up 2.3 percent) and Lithuania (up 1.8 percent).

In Britain, the ECB data showed the number of branchesremained little changed at 11,870.

The ECB gathers data on lenders' branch networks across theEU, and the data Reuters reviewed included the 27 EU memberstates at the end of 2012. Croatia has since become the 28thmember. ECB data can differ from statistics from nationalbanking groups, depending on criteria for inclusion.

More News
13 Jun 2024 09:37

LONDON BROKER RATINGS: Jefferies raises Great Portland to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

Read more
13 Jun 2024 00:00

Revolut picks new Canary Wharf HQ as it expands headcount

LONDON, June 13 (Reuters) - Britain's Revolut is to become the first tenant in a newly refurbished building in London's Canary Wharf financial district, taking on 40% more floorspace for its new headquarters as the fintech firm accelerates hiring.

Read more
12 Jun 2024 08:47

TOP NEWS: National Grid gets 90% acceptances for GBP7 billion raise

(Alliance News) - National Grid PLC on Wednesday said it received acceptances for more than 90% of the new shares on offer as part of its GBP7.00 billion rights issue.

Read more
10 Jun 2024 15:36

Britain's payments industry calls for delay and cut in scam compensation rules

LONDON, June 10 (Reuters) - Britain's payments sector on Monday called on its regulator to roll back and delay by a year tough new compensation rules due to start in October, saying that "significant changes" were needed to avoid damaging competition.

Read more
10 Jun 2024 14:07

Britain's payments industry calls for delay and cut in scam compensation rules

LONDON, June 10 (Reuters) - Britain's payments sector on Monday called on its regulator to roll back and delay by a year tough new compensation rules due to start in October, saying that "significant changes" were needed to avoid damaging competition.

Read more
31 May 2024 08:34

UK competition watchdog probes Nationwide-Virgin Money deal

May 31 (Reuters) - Britain's competition regulator said on Friday it had started a probe into Nationwide Building Society's proposed 2.9 billion pound ($3.7 billion) all-cash deal to buy Virgin Money UK.

Read more
24 May 2024 16:45

Danske Bank and Barclays chop ECB rate cut forecasts

LONDON, May 24 (Reuters) - Danske Bank said on Friday it expects the European Central Bank only to cut interest rates twice this year, not three times, while Barclays also scrapped a call for a July reduction.

Read more
24 May 2024 08:52

TOP NEWS: Coventry Building Society buys Co-Op Bank for GBP780 million

(Alliance News) - Coventry Building Society on Friday said it has agreed to buy Co-operative Bank Holdings PLC for GBP780 million in cash, in the latest shift in the UK's banking landscape.

Read more
21 May 2024 10:47

UK Libor trader Hayes given route to appeal rate-rigging conviction at Supreme Court

LONDON, May 21 (Reuters) - Tom Hayes, the first trader jailed worldwide for interest rate rigging, was on Tuesday refused permission to appeal against his conviction at the United Kingdom's Supreme Court, but was given a potential route to clear his name.

Read more
21 May 2024 10:00

LONDON BROKER RATINGS: UBS lifts Schroders; Barclays likes Wise

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

Read more
17 May 2024 21:33

IN BRIEF: Barclays intends to fully redeem EUR750 million notes

Barclays PLC - London-based bank - Intends to fully redeem all of the outstanding EUR750 million 0.75% reset notes due 2025 on June 9. The outstanding notes will be redeemed on the redemption date at a price equal to 100% of their principal amount plus accrued but unpaid interest from, and including, June 9 last year.

Read more
16 May 2024 13:05

Activists disrupt Lloyds Bank shareholder meeting

LONDON, May 16 (Reuters) - Activists disrupted Lloyds Banking Group's annual shareholder meeting in Glasgow on Thursday, protesting against the bank's alleged provision of financial services to defence firms linked to violence in the Middle East.

Read more
16 May 2024 11:16

Activists disrupt Lloyds Bank shareholder meeting

LONDON, May 16 (Reuters) -

Read more
13 May 2024 10:51

Barclays promotes Chiapparoli EMEA co-head for industrials, names new Italy CEO

MILAN, May 13 (Reuters) - British bank Barclays on Monday said it had appointed Enrico Chiapparoli as co-head of industrials for Europe, Middle East and Africa (EMEA), leaving his post as Italy chief executive to Paolo De Luca.

Read more
10 May 2024 11:17

JPMorgan still positive on UK banks despite potential rate cuts

(Sharecast News) - JPMorgan has said that dovish comments from the Bank of England this week don't alter its constructive view on UK banking stocks, even if interest rates do fall more sharply than markets are currently pricing in.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.