Barclays has announced that as as part of its 2017 annual results its intention to carry out capital reorganisations to convert the share premium accounts of each of Barclays PLC, Barclays Bank PLC and Barclays Bank UK PLC. The top UK lender said the shares will be into distributable reserves […]
Barclays PLC said Mary Anne Citrino has been appointed as a non-executive Director of Barclays. She will take up her appointment on 25 July 2018. Ms Citrino has extensive board-level experience. She is currently a Non-Executive Director of the boards of Ahold Delhaize N.V., Alcoa Corporation, Hewlett Packard, Inc and […]
A court sitting in London said Philippe Moryoussef, a former Barclays derivatives trader has been found guilty of conspiracy to defraud by dishonestly manipulating Euribor. Euribor is the Euro interbank offered rate. Philippe Moryoussef who was tried in absentia was found to have committed the offense between January 2005 and […]
Barclays has fined its Chief Executive Jes Staley a combined GBP1.1 million after he tried to identify a whistleblower who sent letters criticizing an employee of the bank. The bank’s board noted that the company was satisfied with the decision of the FCA and the PRA. Following the resolution of […]
Barclays said it has appointed Gerry Grimstone as the new Chairman of Barclays Bank PLC. He will also remain a non-executive director of Barclays PLC. The company said in a statement that decision is to comply with the UK’s ring-fencing legislation, where Barclays is required to create a new bank, […]
UK’s largest lender and financial services group, Barclays has finally come clean on its Barclays Africa sell-off. Barclays, apparently UK’s largest lender with about $1.50 trillion in asset said it booked losses totaling about £2.5 billion in the sale of its Barclays Africa. The company said in its annual report […]
UK’s largest lender, Barclays said the country’s Serious Fraud Office (“SFO”) has charged the bank with various offences relating to capital raising. Barclays said in a statement that the Serious Fraud Office (“SFO”) had brought certain charges against Barclays PLC in relation to matters that arose in the context of […]
There are indications that UK’s Barclays must have pulled out as the financial adviser in the 9mobile equity sale deal. Barclays’ decision to back out was as a result of Nigeria’s Central Bank and the Nigeria Communications Commission’s (NCC) query about Barclays non-transparent approach to the planned sale of 9mobile. […]
As an update on the proposed sale of 9mobile to potential investors, Nigerian lenders who are being owed about USD1.2 billion by the mobile carrier might have appointed Barclays to look for buyers. According to Reuters News, Nigerian lenders who advanced the loan to 9mobile, formerly Etisalat has appointed British […]
United Kingdom’s largest lender, Barclays has been charged alongside its four former chief executives for alleged fraud during their fundraising for the bank. The fundraising was in the wake of the 2008 global financial crisis which almost pulled down the bank and many other financial services giants. According to Bloomnerg, […]