Barclays Plc

'India a strategic priority for global banks': Foreign bank heads at BFSI

Heads of India's leading foreign banks discuss the key to success on Indian turf in conversation with consulting editor Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit

Barclays to cut hundreds of jobs in investment banking to trim costs

The cuts are expected to take place in the coming months and are part of the firm's annual cutting of low performers, the people said.

Asia largely spared from global job cuts, says Barclays CEO Venkatakrishnan

"It is a reduction in workforce generally speaking," CEO C.S. Venkatakrishnan said in a Bloomberg TV interview Thursday in Singapore"

Barclays hires Credit Suisse dealmakers in India amid firmwide job cuts

The UK bank is seeking to replenish its ranks in the market after Ashish Jhaveri, head of mergers and acquisitions for the firm in India, left for Jefferies Financial Group Inc

Barclays PLC to cut about 450 jobs in UK retail bank, says trade union

The bank is consulting over which roles will be cut, with the majority expected to be in head office roles, including at vice-president level

Barclays explores sale of stake in $2.5 billion UK payments unit: Report

The bank is considering bringing in a partner with the strategic "know-how" to expand the business, as well as raising capital, but has yet to decide how big a stake it might sell, said the people

Barclays Plc names new CEO, COO in reshuffle of key India business

Pramod Kumar will be the new Chief Executive Officer and Suneeta Shetty from HSBC Holdings Plc will be Chief Operating Officer

Adani's go-to bankers at Barclays turn cautious after Hindenburg report

Executives at the highest levels are scrutinising ties with Adani, turning more cautious about adding new business pending a regulatory probe that's supposed to end next month

India's shrinking current account gap provides a reprieve for Rupee

Barclays Plc expects the gap in current account - the broadest measure of trade in goods and services - to be 1.8% of gross domestic product in the year starting April 1

Barclays silent as JPMorgan distances itself from Epstein-linked Jes Staley

With Staley contesting the findings of the UK regulatory probe, the British lender is maintaining a steady silence even as questions mount about its decision making over his departure

Adani plans to prepay $500 million loan due in March to banking group

Barclays Plc, Standard Chartered Plc and Deutsche Bank AG are among banks that lent Adani $4.5 billion to finance the purchase of Holcim Ltd. cement assets last year

Slower annual economic growth will be good for India, for now: Economists

India's annual economic growth is forecast to slow to about 6% for a few years, according to economists from Goldman Sachs Group Inc. and Barclays Plc.. And they say that's not such a bad thing

Jhunjhunwala's firm Rare in talks with Barclays to prepay Rs 500 crore loan

The loan was used to fund the acquisition of Zydus Cadila's animal healthcare business in 2021

Morgan Stanley-led banks face $500 million loss on Twitter debt to Musk

When banks led by Morgan Stanley agreed in April to help finance Elon Musk's purchase of Twitter Inc., they were eager to aid an important client, the richest person in the world

Economists see waning urgency for India's RBI to go for large hikes

Citigroup Inc. economists expect a 35 basis-point increase in borrowing costs at the Reserve Bank of India's next Monetary Policy Committee meeting in August, a move also predicted by Barclays Plc

Barclays resumes dividend after a year-long hiatus as annual profit halves

Barclays shares, however, fell as much as 5 per cent, after the payout plans and a vague outlook set out with no profit targets left investors underwhelmed

Financial firms worldwide ramp up contingency plans as coronavirus hits

Morgan Stanley also confirmed that an employee at its Purchase, New York, campus, roughly 45-minutes north of Manhattan, tested positive for the virus

IIT Kharagpur sees a record 1,000-plus placement offers in five days

Top recruiters include Honeywell, which made 36 offers, followed by Exel (25), Microsoft (24) and Barclays (20)

HSBC to leapfrog Barclays as Aramco's debut to reshuffle equity rankings

Aramco alone will be enough to move HSBC up two spots to 10th place on the main league table tracking stock offerings in EMEA

Piramal Capital borrows Rs 1100 crore for 4 months from Barclays: Report

The rate of interest is 7.5 per cent on the four-month loan deal signed last week between Piramal Capital & Housing Finance Ltd. and the British bank