Edition:
United States

Barclays PLC (BCS.N)

BCS.N on New York Stock Exchange

10.53USD
28 Jun 2017
Change (% chg)

$0.15 (+1.45%)
Prev Close
$10.38
Open
$10.44
Day's High
$10.56
Day's Low
$10.44
Volume
1,049,479
Avg. Vol
866,717
52-wk High
$12.05
52-wk Low
$6.85

Latest Key Developments (Source: Significant Developments)

Barclays Bank Ireland appoints Kevin Wall as new CEO
Monday, 26 Jun 2017 06:22am EDT 

June 26 (Reuters) - Barclays Plc ::Barclays Bank Ireland appoints Kevin Wall as new chief executive officer with immediate effect.  Full Article

Barclays sells 33.7 pct of Africa business for 2.2 bln pounds
Thursday, 1 Jun 2017 02:05am EDT 

June 1 (Reuters) - Barclays Plc :Barclays has decided to increase size of placing ( "placing").Barclays has agreed to sell 285,691,979 ordinary shares 2 in capital of Barclays Africa( "placing shares") (representing 33.7% of bagl's issued share capital) at a price of zar 132.0 per share, raising aggregate gross sale proceeds of approximately zar 37,711 million (£2,224 million 1 )..Placing is expected to result in a pro forma increase of approximately 27 basis points to group's 31 march 2017 cet1 ratio, from 12.5%..Following completion of placing, barclays group ( "group") will hold 139 million ordinary shares in bagl (16.4% of bagl's issued share capital).  Full Article

Barclays proposes placing of about 187 mln ordinary shares in BAGL
Wednesday, 31 May 2017 11:07am EDT 

May 31 (Reuters) - Barclays Plc ::Intention to sell about 187 million ordinary shares in Barclays Africa Group Ltd ("BAGL"), representing about 22% of BAGL's issued share capital.Says follows initial placing that barclays undertook on 5 May 2016 of 103.6 million shares representing 12.2% of issued share capital of BAGL.Barclays' target long-term shareholding in BAGL is around 15%.  Full Article

Barclays signs ‍terms of separation with Barclays Africa
Wednesday, 31 May 2017 11:06am EDT 

May 31 (Reuters) - Barclays Plc ::‍terms of separation with Barclays Africa signed​.Barclays will contribute equivalent of 1.5 percent of BAGL's market capitalisation towards establishment of a broad-based black economic empowerment scheme​.‍expects to incur some additional operating expenses in respect of delivering separation of businesses​.Separation arrangements include contributions from Barclays to BAGL totalling 765 million stg.515 million stg (at 1 March 2017 gbp:zar exchange rate), to provide additional capital to BAGL to allow it to make investments required to achieve separation.‍Barclays has agreed to indemnify BAGL against certain potential losses suffered by BAGL​.‍Barclays' liability under perimeter indemnity is uncapped and under policy indemnity is capped at 614.7 million​ stg.55 mln stg to cover separation-related expenses, of which 27.5 mln stg was paid in 2016 by Barclays to BAGL.195 mln stg for termination of existing master services agreement between Barclays and BAGL.  Full Article

Barclays to sell roughly 22 pct stake in its African unit - Sky News reporter
Wednesday, 31 May 2017 07:26am EDT 

May 31 (Reuters) - :Barclays to sell roughly 22 percent stake in its African unit - Sky News reporter.  Full Article

Barclays completes sale of Egypt unit to Attijariwafa Bank
Wednesday, 3 May 2017 11:14am EDT 

May 3 (Reuters) - Barclays Plc :Barclays bank plc completes sale of its retail and corporate banking business in egypt to attijariwafa bank s.a..Sale of attijariwafa bank increases barclays common equity tier 1 (cet1) ratio by around 10 basis points.  Full Article

Barclays Q1 markets income falls 4 pct
Friday, 28 Apr 2017 02:16am EDT 

April 28 (Reuters) - Barclays Plc :Africa banking profit before tax, excluding impairment of Barclays' holding in BAGL, increased to 325 mln stg.Management views its current PPI provision as appropriate.We have also observed an increase in PPI complaint flow from March 2017.Credit impairment charges increased 19 pct to 527 mln stg in Q1.On Africa, we await approval for separation arrangements already agreed with local management.Markets income decreased 4 pct to 1.35 bln stg reflecting a 14 pct reduction in macro income to 490 mln stg, due to weaker performance in U.S. rates and impact of exiting energy-related commodities.10 pct reduction in equities at markets business to 462 mln stg driven by lower U.S. equity derivatives.  Full Article

UK regulators investigate Jes Staley, Barclays over whistleblowing
Monday, 10 Apr 2017 02:10am EDT 

Barclays Plc : Fca and pra investigations into jes staley and barclays . Barclays plc and barclays bank plc (barclays) announce that financial conduct authority (fca) and prudential regulation authority (pra) have commenced investigations into: . Jes staley, group chief executive officer of barclays, as to his individual conduct and senior manager responsibilities relating to barclays whistleblowing programme . And an attempt by mr staley in 2016 to identify author of a letter that was treated by barclays bank plc as a whistleblow . Barclays bank plc, as to its responsibilities relating to attempt by mr staley to identify author of letter . As well as barclays systems and controls and culture relating to whistleblowing. . Attempt by mr staley to identify author of letter ( "matter") first came to attention of barclays board in early 2017 as a result of a concern raised by an employee . Board immediately instructed an external law firm, simmons & simmons llp, to conduct a focussed investigation into matter which was led by sir gerry grimstone, deputy chairman and senior independent director, on behalf of board . Investigation by simmons & simmons llp found, and board has concluded, that mr staley honestly, but mistakenly, believed that it was permissible to identify author of letter..  Full Article

Barclays says completed the sale of its UK Trusts business to Zedra
Monday, 3 Apr 2017 04:56am EDT 

Barclays Plc :Announces that it has completed the sale of its UK trusts business to ZEDRA.  Full Article

Barclays says CEO of Barclaycard International to retire in July
Wednesday, 22 Mar 2017 05:30am EDT 

Barclays Plc :Ceo of Barclaycard International, Amer Sajed, will retire from his role in July 2017.  Full Article

More From Around the Web

Photo

SEC probes bankers from Barclays, Morgan Stanley on Puerto Rico bond sales

The U.S. Securities and Exchange Commission may take action against bankers from Barclays Plc and Morgan Stanley for their roles in Puerto Rico bond sales, according to filings with the Financial Industry Regulatory Authority (FINRA).