Roundtable Discussion; The Future of Mineral Sands. Watch the video 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: 202.35
Bid: 202.15
Ask: 202.25
Change: 1.35 (0.67%)
Spread: 0.10 (0.049%)
Open: 202.50
High: 203.40
Low: 199.58
Prev. Close: 201.00
BARC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Wall Street uniform to get a new accessory - the face mask

Wed, 29th Apr 2020 17:24

* Banks draw up plans for staff to return to offices

* Access, seating, catering all face changes

* Many staff to continue working from home

By Scott Murdoch, Maya Nikolaeva and Matt Scuffham

HONG KONG/PARIS/LONDON April 29 (Reuters) - Face masks,
temperature checks and packaged sandwiches could all become part
of the daily routine for bankers as their employers work out how
to get them safely back into the office.

While a growing number of countries are starting to ease
lockdowns to contain the coronavirus pandemic, the threat of a
new wave of infections remains high.

That means banks are having to look at new ways of
organising buildings that before the crisis would have had
packed elevators, crowded cafeterias and desks less than two
metres apart. Given the risks, many staff will still have to
work from home.

"We're going to do it in a way where employees feel
comfortable coming back in," said Mark Fedorcik, head of
Deutsche Bank's investment bank, where around 84% of
staff are currently working from home.

Financial centres in Asia will be the first to see a
significant return of staff to the office.

Goldman Sachs had about 25% of its Hong Kong
employees back in the office this week and has a target of 35%
by May 11 and 50% by May 25, according to a source with direct
knowledge of the plans. Like other major office buildings in the
city, temperature checks will remain at the entrances.

At UBS, the key pad entrances to its three Hong
Kong offices have been removed to avoid having people constantly
touch them, and access will now be through swipe card systems.

In most of its divisions, the bank is preparing to put staff
in teams that will alternate between working at home and coming
into the office, where it will be mandatory to wear face masks.

In France, where the lockdown is due to start being
gradually lifted from May 11, the country's third-biggest bank
Societe Generale has begun to discuss with unions how
to protect staff when some of them return to the office.

One union, CGT, has asked for suggestions on its website.
Proposals include asking the bank to provide tongs for picking
up coffee pods, to buy scooters for staff, or to subside the
cost of travelling to work in a way that avoids public
transport.

Societe General declined to comment on the proposals.

A source at an American bank in Paris said it was preparing
to carry out regular disinfections and to rearrange desks to
make sure staff sit the recommended two metres apart.

PAPER PLATES

In Germany, Deutsche Bank is in no rush to get staff back in
the office, with strict limitations on gatherings still in place
across the country, a person with knowledge of the matter said.

The cafe at the bank's twin-tower headquarters in central
Frankfurt is expected to continue to operate under reduced
hours, with dining in and self service both banned.

Kitchen staff give employees food on paper plates to be
eaten at their desk or elsewhere. And many of the bank's coffee
machines are out of commission to promote hygiene.

In the United States, JPMorgan told employees last
week it was working on a plan to return staff to offices in
phases, though it has no official timeline for the process.

Discussions include possibly assigning building staff to
press buttons on elevator key pads, and scrapping the buffet
service in cafeterias in favour of selling packaged foods.

Wells Fargo has cautioned employees that working
conditions may not return to normal even as government officials
loosen coronavirus-related restrictions, according to an April
22 memo viewed by Reuters.

"Instead, we will continue with the safety measures we have
put in place at our work locations and we will expect the more
than 180,000 employees who are working from home to continue to
do so," the memo, signed by Chief Operating Officer Scott
Powell, said.

The bank has also launched an on-site nursing service at 56
of its largest U.S. sites to screen for coronavirus symptoms,
such as a high temperature.

As banks develop their plans, employee wellbeing is not the
only criteria. With many leasing real estate in some of the
world's most expensive financial districts, the potential for
longer-term cost cuts will also be in play.

"I think every company, including Deutsche Bank, will assess
whether you need everyone working in the office or if there are
ways to have some people work from home that haven’t been doing
so historically," said Fedorcik.

On Wednesday, Barclays chief executive Jes Staley
said the British bank would not revert fully to its pre-January
working habits. Staff, including investment bankers, could work
from branches as well as other locations rather than all being
packed into their central offices, he said.

"There will be a long-term adjustment in how we think about
our location strategy ... the notion of putting 7,000 people in
a building may be a thing of the past," he said.
(Reporting by Maya Nikolaeva in Paris, Scott Murdoch in Hong
Kong, Tom Sims in Frankfurt, Matt Scuffham in London, Elizabeth
Dilts in New York, Imani Moise in New York and Lawrence White in
London; Writing by Rachel Armstrong; Editing by Mark Potter)

More News
4 May 2024 08:37

Norway wealth fund to back Barclays CEO, chair at AGM

OSLO, May 4 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, supports the reappointment of Barclays CEO C.S. Venkatakrishnan and Chair Nigel Higgins to the British bank's board, the fund manager said on Saturday.

Read more
3 May 2024 17:04

Ex-Odey portfolio manager Hanbury warns investors are 'buying blind'

LONDON, May 3 (Reuters) - Former Odey Asset Management (OAM) portfolio manager James Hanbury has said in a letter to investors that passive and systematic trading strategies have grown so much that those trading on company fundamentals might be hurt.

Read more
2 May 2024 13:48

UK shareholder meetings calendar - next 7 days

Friday 3 May 
Ashoka India Equity Investment Trust PLCGM re share issue
HSBC Holdings PLCAGM
Intercontinental Hotels Group PLCAGM
Mondi PLCAGM
More Acquisitions PLCAGM
Monday 6 May 
no events scheduled 
Tuesday 7 May 
Caledonia Mining Corp PLCAGM
CPPGroup PLCAGM
Just Group PLCAGM
Macfarlane Group PLC AGM
Plus500 LtdAGM
Supernova Digital Assets PLCAGM
Wednesday 8 May 
Airea PLCAGM
Antofagasta PLCAGM
Aston Martin Lagonda Global Holdings PLCAGM
Deltex Medical Group PLCAGM
Direct Line Insurance Group PLCAGM
Fidelity European Trust PLCAGM
Haleon PLCAGM
Jardine Matheson PLCAGM
JZ Capital Partners LtdEGM re investing in a secondary fund
Oscillate PLCAGM
Pershing Square Holdings LtdAGM
Rentokil Initial PLCAGM
WPP PLCAGM
Thursday 9 May 
Ascential PLCAGM
BAE Systems PLCAGM
Balfour Beatty PLCAGM
Barclays PLCAGM
CAB Payments Holdings PLCAGM
Catenai PLCGM re convertible loan note
Clarkson PLCAGM
FBD Holdings PLCAGM
Genel Energy plcAGM
Gym Group PLCAGM
Harbour Energy PLCAGM
Hiscox LtdAGM
IMI PLCAGM
Inchcape PLCAGM
Indivior PLCAGM
John Wood Group PLCAGM
Jupiter Fund Management PLCAGM
Logistics Development Group PLCAGM
Man Group PLCAGM
Morgan Advanced Materials PLCAGM
OSB Group PLCAGM
Public Policy Holding Co IncAGM
Rathbones Group PLCAGM
RM PLCAGM
Spire Healthcare Group PLCAGM
Synthomer PLCAGM
Uniphar PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
1 May 2024 14:50

Barclays to cut jobs in investment banking - reports

(Sharecast News) - Barclays has reportedly kicked off a fresh round of redundancies, cutting "a few hundred roles" at its investment bank as it looks to tackle underperformers and reinvest in new talent.

Read more
30 Apr 2024 20:30

GM in talks with Barclays to replace Goldman Sachs in credit card partnership -source

NEW YORK April 29 (Reuters) -

Read more
29 Apr 2024 10:02

LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

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

Read more
26 Apr 2024 16:35

London close: Stocks buoyed by banking, mining positivity

(Sharecast News) - London's equity markets closed positively on Friday, buoyed by gains in the banking sector following better-than-expected results from NatWest.

Read more
26 Apr 2024 16:19

European bank stocks at highest since 2015 after earnings boost

STOXX Europe 600 banks index highest since Oct. 2015

*

Read more
26 Apr 2024 09:45

NatWest profit falls less than feared ahead of state escape

First-quarter profit down 27% in competitive market

*

Read more
26 Apr 2024 09:33

LONDON BROKER RATINGS: Peel Hunt cuts ConvaTec to 'reduce'

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

Read more
25 Apr 2024 16:57

LONDON MARKET CLOSE: FTSE 100 shakes off red-hot US inflation gauge

(Alliance News) - London's FTSE 100 outperformed on Thursday, enjoying a solid rise on largely well-received corporate earnings and a share price jump for miner Anglo American after it received a takeover bid from peer BHP.

Read more
25 Apr 2024 15:14

London close: Stocks finish mixed as US GDP growth slows

(Sharecast News) - London's stock markets finished with a mixed performance on Thursday, as investors digested a slower-than-expected GDP growth reading from the United States, while a slew of well-received earnings underpinned the top-flight index.

Read more
25 Apr 2024 11:00

Where are Wall Street's analyst notes on Trump's Truth Social?

NEW YORK, April 25 (Reuters) - Trump Media & Technology Group is one of the most actively traded U.S. stocks, yet Wall Street's equity analysts are staying clear.

Read more
25 Apr 2024 09:19

Barclays Q1 profit falls 12% as trading slump hits

Q1 profit of 2.3 bln pounds, just above forecasts

*

Read more
25 Apr 2024 08:36

TOP NEWS: Barclays first quarter profit falls but beats expectations

(Alliance News) - Barclays PLC on Thursday reported a fall in first quarter profits as a weak investment banking performance hindered performance.

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.