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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
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Share Price: 202.35
Bid: 202.15
Ask: 202.25
Change: 0.00 (0.00%)
Spread: 0.10 (0.049%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 202.35
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Barclays and Santander face risk from "Fragile 8" - Fitch

Tue, 11th Feb 2014 15:06

Several European banks including Britain's Barclays and Spain's Santander may be at risk from problems in more vulnerable emerging markets dubbed the "Fragile 8", rating agency Fitch claims.Fitch said Barclays, Santander, BBVA, Standard Chartered and Unicredit all have material exposure to one or more countries including Brazil, India, Indonesia, Turkey, South Africa, Argentina, Russia and Chile.Fitch said it believed the risks were manageable, but said they could be worse than expected if there was contagion to other closely connected emerging and developed countries.Santander is most exposed to more fragile emerging markets through its major presence in South America, Fitch said.But the agency added: "Santander is in a good position to absorb credit shocks from more fragile EM operations because it has geographically diversified and profitable retail franchises and a strong track record."BBVA is exposed to Turkey through its 25% stake in Garanti Bank and has majority-owned subsidiaries in Chile and Argentina.Standard Chartered operates in India and Indonesia. Barclays is exposed through its South African majority-owned subsidiary, ABSA Bank. Unicredit has operations in Turkey and Russia.Fitch said it had already included inherent volatility from those exposures into its ratings.But it added that risks may be understated as its methodology did not take into account the interconnectedness of many countries to emerging markets.It said HSBC's risks in Hong Kong from the territory's close links with other emerging markets were not reflected."Risks may also be understated for similar reasons at Standard Chartered and some other European banks," Fitch said in a note.PW
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IN BRIEF: Prudential to buy back 4 million shares to offset awards

Prudential PLC - London-based, Asia-focused life and health insurer and asset manager - Contracts Barclays Capital Securities Ltd, part of Barclays PLC, to conduct a share buyback programme that will repurchase about 3.9 million shares at a maximum cost of GBP38 million. At the current market price, 3.9 million Prudential shares are worth GBP32.3 million. The buybacks are intended to offset the dilution that will be caused by the vesting of awards under Prudential's employee and agent share schemes.

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Barclays extends lease on Canary Wharf headquarters until 2039

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19 Dec 2023 16:06

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks and other payment firms must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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19 Dec 2023 15:11

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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15 Dec 2023 18:12

Britain's Metro Bank decides not to sell mortgage book

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Fnality completes 'world's first' blockchain payments at Bank of England

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France's Credit Agricole to stop financing new fossil fuel projects

Vows to triple financing of renewable energy projects by 2030

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12 Dec 2023 09:10

UK lenders face smaller impact from Basel rules than rivals, BoE says

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, far less than for their European Union and U.S. peers.

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12 Dec 2023 07:16

BoE says UK lenders to be hit less than EU, U.S. rivals by Basel capital rules

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, less than for their European Union and U.S. peers.

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Director dealings: Barclays chair invests, York Holdings settles LSEG call options

(Sharecast News) - Nigel Higgins, the group chairman of Barclays, was on the buying side of the ledger on Thursday.

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