Friday 1 August 2014
 
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Barclays

Barclays appoints key official for Mideast

Barclays has appointed Jeroen Reyes Stolker as head of Trade & Working Capital for the Middle East region. Reporting to Baihas Baghdadi, managing director, head of Trade & Working Capital International at Barclays, Stolker

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Barclays names chairman for Mena

British lender Barclays has named Makram Azar as its chairman for the Middle East and North Africa, a spokesman for the bank confirmed on Sunday. Azar, who is also global vice chairman of investment banking, has been with Barclays

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Barclays fined $44m over gold prices 'fix'

Barclays has been fined £26 million ($43.8 million) for failures in internal controls that allowed a trader to manipulate the setting of gold prices, just a day after the bank was fined for rigging Libor interest rates in 2012.

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UAE cbank backs ADIB purchase of Barclays unit

Abu Dhabi Islamic Bank (ADIB) has received regulatory approval from the United Arab Emirates central bank for its purchase of Barclays' retail operations in the country, its chief executive said on Tuesday.  

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UK steps up probe into Barclays over Qatar

The UK fraud office stepped up its probe into British bank Barclays' dealings with Qatar, the Financial Times has reported. Officials at Barclays were not immediately available for comment Sunday afternoon. Bob

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Barclays to axe 19,000 jobs under revival plan

Britain's Barclays will axe 19,000 jobs in the next three years and set up a "bad bank" to house much of its investment banking business and European retail operations as it strives to turn itself around in the face of a trading sl

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Barclays to sell UAE retail ops to ADIB

Barclays has agreed to sell its retail banking operations in the United Arab Emirates to Abu Dhabi Islamic Bank (ADIB), ADIB said on Sunday. ADIB, the emirate's largest sharia-compliant lender, said the acquisition was expecte

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Barclays 'to cut thousands of jobs'

Barclays is planning to axe thousands of jobs in a radical shakeup of its investment banking division and may replace the European and US heads of the unit, the Financial Times reported, citing sources. The job cuts are expected t

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Barclays to cut 12,000 jobs; but bonuses up

Barclays said it would axe up to 12,000 jobs this year even as it raised bonuses for investment bankers, prompting fury among politicians and unions who said it had not learned the lessons of the financial crisis. Britain's th

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Baclays cuts 400 jobs in corporate banking

Barclays is cutting 400 jobs from its corporate banking division, adding to the similar number of people axed by its investment bank this week as Chief Executive Antony Jenkins wields a cost-cutting knife. The bank cut 3,700 jobs

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