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
17 Oct 2023 15:43

UK earnings, trading statements calendar - next 7 days

Wednesday 18 October 
888 Holdings PLCTrading Statement
Antofagasta PLCTrading Statement
BHP Group LtdTrading Statement
Cirata PLCTrading Statement
Hochschild Mining PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
Quilter PLCTrading Statement
Segro PLCTrading Statement
Sosandar PLCTrading Statement
Whitbread PLCHalf Year Results
Thursday 19 October 
AJ Bell PLCTrading Statement
Centamin PLCQ3 Results
Deliveroo PLCTrading Statement
Dunelm Group PLCTrading Statement
GB Group PLCTrading Statement
Gear4Music PLCHalf Year Results
Hargreaves Lansdown PLCTrading Statement
London Stock Exchange Group PLCTrading Statement
Man Group PLCTrading Statement
Mondi PLCTrading Statement
PensionBee Group PLCTrading Statement
Rathbones Group PLCTrading Statement
Relx PLCTrading Statement
Rentokil Initial PLCQ3 Results
Sabre Insurance Group PLCTrading Statement
Schroders PLCTrading Statement
St James's Place PLCTrading Statement
Friday 20 October 
Foxtons Group PLCTrading Statement
InterContinental Hotels Group PLCTrading Statement
Record PLCTrading Statement
Monday 23 October 
Shanta Gold LtdTrading Statement
South32 LtdTrading Statement
Tuesday 24 October 
Angling Direct PLCHalf Year Results
Anglo American PLCTrading Statement
Barclays PLCQ3 Results
Bunzl PLCTrading Statement
FD Technologies PLCHalf Year Results
Gattaca PLCFull Year Results
Petra Diamonds LtdQ1 Results
Scancell Holdings PLCFull Year Results
Softcat PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
WAG Payment Solutions PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
16 Oct 2023 09:30

LONDON BROKER RATINGS: Jefferies says 'buy' Pennon, United Utilities

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

Read more
13 Oct 2023 15:48

UK earnings, trading statements calendar - next 7 days

Monday 16 October 
Audioboom Group PLCTrading Statement
Seeing Machines LtdFull Year Results
Tristel PLCFull Year Results
Tuesday 17 October 
Bellway PLCFull Year Results
BP Marsh & Partners PLCHalf Year Results
IntegraFin Holdings PLCTrading Statement
Jupiter Green Investment Trust PLCTrading Statement
Moneysupermarket.com Group PLCTrading Statement
Nanoco Group PLCFull Year Results
Ninety One PLC and LtdTrading Statement
Revolution Bars Group PLCFull Year Results
Rio Tinto PLCTrading Statement
Seraphim Space Investment Trust PLCFull Year Results
Smartspace Software PLCHalf Year Results
Vanquis Banking Group PLCTrading Statement
Wednesday 18 October 
Antofagasta PLCTrading Statement
BHP Group LtdTrading Statement
Cirata PLCTrading Statement
Hochschild Mining PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
Quilter PLCTrading Statement
Segro PLCTrading Statement
Sosandar PLCTrading Statement
Whitbread PLCHalf Year Results
Thursday 19 October 
AJ Bell PLCTrading Statement
Centamin PLCQ3 Results
Deliveroo PLCTrading Statement
Dunelm Group PLCTrading Statement
GB Group PLCTrading Statement
Gear4Music PLCHalf Year Results
Hargreaves Lansdown PLCTrading Statement
London Stock Exchange Group PLCTrading Statement
Man Group PLCTrading Statement
Mondi PLCTrading Statement
PensionBee Group PLCTrading Statement
Rathbones Group PLCTrading Statement
Relx PLCTrading Statement
Rentokil Initial PLCQ3 Results
Sabre Insurance Group PLCTrading Statement
Schroders PLCTrading Statement
St James's Place PLCTrading Statement
Friday 20 October 
Barclays PLCQ3 Results
Foxtons Group PLCTrading Statement
InterContinental Hotels Group PLCTrading Statement
Record PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
12 Oct 2023 16:02

London close: Stocks mixed as US inflation comes in slightly hot

(Sharecast News) - London markets ended with a mixed outcome on Thursday, as investors digested a fresh inflation reading out of the US, as well as a slight uptick in the UK economy.

Read more
12 Oct 2023 12:00

Barclays nixes ex-CEO Staley's bonuses after FCA's Epstein judgement

(Alliance News) - Barclays PLC on Thursday said that Jes Staley, the bank's disgraced ex-boss, will no longer be able to claim historic bonuses after "recklessly" misleading regulators about his relationship with Jeffrey Epstein.

Read more
12 Oct 2023 11:51

Former Barclays boss Jes Staley banned over Epstein scandal

(Sharecast News) - The former chief executive of Barclays has been banned and fined nearly £2m by the City watchdog over his relationship with disgraced financier Jeffrey Epstein.

Read more
11 Oct 2023 09:17

LONDON BROKER RATINGS: JPMorgan raises Croda; Berenberg cuts Atalaya

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

Read more
10 Oct 2023 16:34

London close: Stocks finish higher on dovish Fed rhetoric

(Sharecast News) - London markets enjoyed a buoyant session on Tuesday, closing with substantial gains after dovish comments from US Federal Reserve officials overnight signalled a potential pause to interest rate hikes.

Read more
6 Oct 2023 11:43

LONDON MARKET MIDDAY: Aviva takeover talk boosts FTSE 100

(Alliance News) - The FTSE 100 was in the green at midday Friday, boosted by Aviva amid takeover rumours.

Read more
5 Oct 2023 16:54

LONDON MARKET CLOSE: FTSE 100 rises but banks struggle on Metro woe

(Alliance News) - Stock prices in Europe ended mixed on Thursday, with the FTSE 100 outperforming despite some pressure on its banking shares, which suffered in a negative read-across amid worries for Metro Bank.

Read more
26 Sep 2023 16:54

LONDON MARKET CLOSE: Stocks suffer on US government shutdown fear

(Alliance News) - London's FTSE 100 outperformed on a day of wider risk aversion for global markets, with US government shutdown fears keeping a lid on enthusiasm.

Read more
26 Sep 2023 16:47

London close: Stocks mixed on global economic jitters

(Sharecast News) - Stocks in London ended Tuesday on a varied note, reflecting global apprehensions around the Chinese economy and rising interest rates, while the shadow of a US credit warning from Moody's loomed large.

Read more
26 Sep 2023 09:23

LONDON BROKER RATINGS: RBC likes Bellway, Redrow among housebuilders

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

Read more
26 Sep 2023 07:46

LONDON BRIEFING: PZ Cussons profit drops; Smiths Group profit triples

(Alliance News) - Stocks in London are set to open in the red on Tuesday as concerns around the world's two largest economies weighed on market mood.

Read more
22 Sep 2023 09:33

LONDON BROKER RATINGS: BoA likes Dowlais; JPMorgan cuts Phoenix Group

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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.