focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

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: 216.75
Bid: 216.10
Ask: 216.15
Change: 1.85 (0.86%)
Spread: 0.05 (0.023%)
Open: 214.55
High: 216.75
Low: 214.55
Prev. Close: 214.90
BARC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Caixabank considers offer for Barclays Spanish business - report

Thu, 12th Jun 2014 16:24

MADRID, June 12 (Reuters) - Caixabank isconsidering making an offer for Barclays' retailbusiness in Spain, which analysts value at up to 2.2 billioneuros ($3 billion), the Spanish lender's chief executive officertold the Wall Street Journal.

Caixabank has been among the most acquisitive banks duringthe financial crisis, snapping up bailed-out peers to increaseits market share across Spain.

"We have a lot of interest," said Caixabank CEO Juan MariaNin in an interview posted on the newspaper's website onThursday, adding the Barcelona-based lender was in talks withBarclays but had not yet begun an analysis of its mortgages andother loans.

Caixabank is also interested in fellow Catalan bankCatalunya Caixa, nationalised in 2012, said Nin. The state putthe bank up for auction earlier this month and bidders haveuntil July 14 to submit binding offers.

Barclays in May outlined a major restructuring and as manyas 19,000 job cuts as it refocuses on its British and Africanbusinesses, investment banking in the UK and United States, andcredit cards.

It will park its retail banking operations in Spain, Italy,France and Portugal in a "bad bank", and these will be sold,separated or listed on the stock market.

Banking sources told Reuters last month that Barclays wascontacting potential bidders with preliminary information aboutthe Spanish unit and confidentiality agreements.

Private investment firms and Spain's top banks Santander, BBVA and Caixabank would be among thoseapproached, people familiar with the matter said. Theacquisition of Barclays' offices would bolster Caixabank'smarket share in Madrid, Nin told the Wall Street Journal.

Barclays expanded rapidly in Spain, including the 1.1billion euro purchase of Banco Zaragozano in 2003, but hitproblems from big losses on corporate loans and the recession.The bank's European retail business has lost almost 2 billionpounds ($3.4 billion) over the last four years.

Barclays shut or sold 161 branches in Spain last year,reducing the network by more than a third to 270. Aboutone-third of staff were cut, leaving roughly 2,100 in thebusiness.($1 = 0.7345 Euros) (Reporting By Sonya Dowsett; Editing by Elaine Hardcastle)

More News
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.

Read more
15 Dec 2023 18:12

Britain's Metro Bank decides not to sell mortgage book

LONDON, Dec 15 (Reuters) - Britain's Metro Bank said on Friday it had abandoned its planned sale of a 3 billion pound ($3.8 billion) mortgage portfolio, citing market conditions.

Read more
14 Dec 2023 12:00

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

LONDON, Dec 14 (Reuters) - Fnality, a blockchain-based wholesale payments firm, said on Thursday that shareholders Lloyds Banking Group, Santander and UBS had completed the "world's first" live transactions that digitally represent funds held at a central bank.

Read more
14 Dec 2023 10:51

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

Vows to triple financing of renewable energy projects by 2030

*

Read more
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.

Read more
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.

Read more
7 Dec 2023 16:55

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.

Read more
7 Dec 2023 15:35

IN BRIEF: Barclays Chair Nigel Higgins buys 200,000 shares

Barclays PLC - London-based consumer, business and investment bank - Chair Nigel Higgins buys 200,000 shares at GBP1.3867 each, worth GBP277,340, in London on Thursday.

Read more
5 Dec 2023 15:26

London close: Stocks mixed as investors mull fresh data

(Sharecast News) - London's financial markets finished with a mixed performance on Tuesday as investors considered key economic data and developments from both sides of the Atlantic.

Read more
5 Dec 2023 09:05

LONDON MARKET OPEN: FTSE 100 struggles after Moody's warning on China

(Alliance News) - London's FTSE 100 got off to a slow start on Tuesday, with miners falling amid fears for the Chinese economy, while Barclays shares fell after Bloomberg reported Qatar is trimming its stake in the lender.

Read more
5 Dec 2023 08:01

Qatar almost halves stake in Barclays

(Sharecast News) - Banking giant Barclays was in the red early on Tuesday after its largest shareholder made moves to offload roughly £510.0m in shares.

Read more
5 Dec 2023 07:48

LONDON BRIEFING: Ashtead in record half-year; tinyBuild cuts outlook

(Alliance News) - London's FTSE 100 is called to open lower on Tuesday, continuing a lacklustre start to the week, after tepid trade in New York overnight.

Read more
30 Nov 2023 09:57

Lloyds to shut 45 branches

(Sharecast News) - Lloyds Banking Group is to shut another 45 branches, it was confirmed on Thursday, as lenders continue to downsize their estates.

Read more
28 Nov 2023 15:40

Barclays axes 900 staff in "disgraceful" pre-Christmas move - UK union

(Alliance News) - Banking firm Barclays PLC is cutting 900 jobs in its UK business as it looks to slash costs in a "disgraceful" pre-Christmas move, trade union Unite has said.

Read more
28 Nov 2023 15:30

London close: Stocks slip after mountain of broker notes

(Sharecast News) - London's stock markets finished in the red on Tuesday as investors deliberated over the latest shop price data, as well as a deluge of broker notes.

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.