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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

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Share Price: 214.80
Bid: 214.75
Ask: 214.80
Change: -2.40 (-1.10%)
Spread: 0.05 (0.023%)
Open: 217.55
High: 218.25
Low: 214.65
Prev. Close: 217.20
BARC Live PriceLast checked at -

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Head of investment banking at Barclays says "I'm not going anywhere"

Fri, 15th Feb 2013 14:30

Rich Ricci, who heads up investment banking at Barclays this week told Financial News that he is "not going anywhere" and gave his full support to Chief Executive Antony Jenkins and his strategy for the investment banking division, where a significant number of jobs are being cut. Ricci also commented that he felt Barclays had been "unduly optimistic" over the available global fee pool and the "growth story" in Europe and Asia, but stressed that although the company's presence in these areas was being reduced, they are still important. He told Financial News: "Europe and Asia are vital for our global franchise. The reason we reduced headcount is the result of the banking fee pool in these regions declining by over a third over the last couple of years. We need to size the business relative to the opportunity that's available to us."[...] We were hopeful in the early part of 2009 that there might be a macroeconomic recovery globally. In 2010 we hoped things would come back and then again in 2011. We now think this looks more structural than cyclical."He continued: "We have people on the ground - we're not closing countries and we're not going to suitcase those regions from London and the US."Under the company's new strategy, 1,800 jobs in the Corporate and Investment Bank division are being cut. The group this week said it plans to maintain an "appropriate presence across Europe and Asia to support our global Investment Banking franchise", and that it will reposition the division "to reflect the market opportunities and maintain a relevant proposition for our clients".
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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

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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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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.

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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.

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5 Dec 2023 15:26

London close: Stocks mixed as investors mull fresh data

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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.

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5 Dec 2023 08:01

Qatar almost halves stake in Barclays

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28 Nov 2023 15:40

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

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PRESS: Barclays eyes dropping quarter of investment bank clients - FT

(Alliance News) - Barclays PLC is exploring the possibility of dropping thousands of its investment bank clients - a quarter of its total - amid a strategic overhaul to bolster its bottom line and cut GBP1 billion of costs, the Financial Times reported on Tuesday.

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