Barclays Bank

Barclays reaches $19.5 mn settlement over $17.7 bn debt sale blunder

A preliminary settlement of the proposed class action was filed on Tuesday in Manhattan federal court

UK's Barclays to sell German consumer finance business to Austrian bank

The sale of the Hamburg-based Barclays unit to BAWAG will give the Austrian bank the ability to expand its loan book and customer base in the region

'RBI keen to further build up record high forex reserves to create buffer'

The Reserve Bank of India's (RBI) FX reserves rose to a record high of $642.49 billion as of March 15

Barclays working on $1.25 bn cost plan, could cut up to 2,000 jobs: Report

"This will be viewed as a net positive for investors, but we now need to see more detail on how long the benefits will take to appear," he said

Ex-Barclays Bank chief Staley banned from senior UK finance roles

Britain's financial regulator said on Thursday that it fined Barclay's former chief executive Jes Staley 1.8 million pounds (USD 2.2 million) and banned him from holding senior financial roles for misleading it over the nature of his relationship with the late sex offender Jeffrey Epstein. The Financial Conduct Authority said in a statement that Staley, a US citizen, had recklessly approved a letter sent by Barclays to the FCA, which claimed the bank's former boss did not have a close relationship with Epstein. But in email messages, Staley described Epstein as one of his deepest and most cherished friends, according to the regulator. A CEO needs to exercise sound judgement and set an example to staff at their firm," said Therese Chambers, joint executive director of enforcement and market oversight at the FCA. Staley failed to do this. We consider that he misled both the FCA and the Barclays board about the nature of his relationship with Epstein. As a result, Chambers said it is

Adani Enterprises arm raises $394 million from Barclays, Deutsche Bank

Adani New Industries, an arm of Adani Enterprises, on Thursday raised USD 394 million (Rs 3,231 crore) from Barclays PLC and Deutsche Bank AG. The proceeds will be used to secure working capital requirements of its integrated solar module manufacturing facility, Adani Enterprises Ltd said in a regulatory statement on Thursday. "Adani New Industries Limited (ANIL) ecosystem today (Thursday) raised a trade finance facility of USD 394 million from Barclays PLC and Deutsche Bank AG," it said. ANIL, a wholly-owned subsidiary of Adani Enterprises, is building an ecosystem of one of the largest integrated green hydrogen businesses, including solar modules and wind turbine manufacturing, it said. Adani Enterprises is the flagship company of the Adani Group.

APP scam: It's customer's decision, no onus on banks, rules UK top court

A music teacher sued Barclays in 2020 after she was duped of £700,000 in an authorised push payment fraud

Vedanta Resources repays $250 mn in loans to Standard Chartered Bank

Mining mogul Anil Agarwal-led Vedanta Resources Ltd (VRL) has repaid USD 250 million in loans that the company took from Barclays Bank and Standard Chartered Bank, according to regulatory filings. The company had earlier said it has enough means to meet debt repayment liabilities in the coming quarters as it looked to assuage investor concerns around its financial position. VRL, the majority owner of Mumbai-listed mining and oil & gas company Vedanta Ltd, repaid USD 150 million borrowed from Barclays Bank. "The earlier disclosure was made pursuant to facility agreement dated June 16, 2022...between Twin Star Holdings (borrower), VRL and Welter Trading Ltd (as original guarantors), Deutsche Bank AG acting through its Singapore Branch, and Barclays Bank PLC (as original lender), for the purposes of availing facility of an aggregate amount of USD 150,000,000 by the borrower from the original lender," the company said in a filing to BSE. However, the said facility has been repaid and

Adani group to refinance ACC, Ambuja Cement debt of $3.5 billion

Adani currently holds 63.15 per cent stake in Ambuja Cement and 56.69 per cent in ACC

Adani group raises $250 million debt to fund development at six airports

The group has option to raise another $200 million under the existing facility

Mumbai International Airport raises $750 million debt from Apollo Global

The capital raise comes in the backdrop of recovery in domestic air traffic and resum­ption of scheduled internatio­nal services from March-end

Barclays Bank Plc infuses Rs 3,000 cr in India ops to bolster business

With this infusion, the bank's total invested capital in the country will increase to over Rs 8,300 crore

Barclays India scales down exposure to banks to Rs 3,090 cr in FY21

The bank's loan book reduced 33 per cent year-on-year in 2019-20 (FY20), largely led by higher repayments in the shorter tenure of the book.

Barclays plan on cutting about 100 senior jobs at investment bank

About a dozen positions in Asia have been hit, though the cuts won't result in a retreat from any business or market in the region, said people in the know

Worsening global economic outlook may vitiate profit targets: Barclays

The bank said it is on track to meet its 9% return on equity goal for 2019, but that the economic environment means achieving its targets next year will be tougher

Barclays explores merger with Standard Chartered

'Hypothetical combinations' with other lenders, including Deutsche Bank, Credit Suisse and DBS, also discussed by Barclays directors

Barclays expects $ 1.3-billion writedown after US tax reform

The restructuring has led it to exit a raft of non-core operations, such as its business in Africa and units in Asia, in a bid to simplify its structure and boost returns to shareholders

Barclays suffers $1.6 bn loss from Africa sale

The British bank said it made a 1.4 bn pound loss on sale of 33% of Barclays Africa Group