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Barclays PLC (BCS.N)

BCS.N on New York Stock Exchange

27 Feb 2017
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$-0.04 (-0.36%)
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Latest Key Developments (Source: Significant Developments)

Barclays says Cheshire named chairman designate of Barclays UK
5:00am EST 

Barclays Plc - : Ian Cheshire appointed as a director and as chairman designate of Barclays UK . Ian Cheshire has been appointed as a non-executive director of Barclays with effect from 3 April 2017 . Ian Cheshire also appointed chairman designate of Barclays' ring-fenced bank, Barclays UK, which is in process of being established . Intention to have an independent governance structure in place for Barclays Bank Plc when ring-fenced bank is constituted .In interim, Gerry Grimstone to chair divisional board of Barclays International; will lead work to establish new board of Barclays Bank Plc.  Full Article

Barclays continues to explore opportunities to reduce its shareholding in barclays africa
Thursday, 23 Feb 2017 02:06am EST 

Barclays Plc : Barclays uk produced an impressive rote of 19.3% . Barclays international delivered a rote of 8.0% . Reduced non-core rwas by £22bn . Credit impairment charges and other provisions (2,373) million stg . Announcing that we will close non-core on 30 june 2017, six months earlier than previously targeted. . Return on average tangible shareholders' equity was 3.6% . Credit impairment charges increased £611m to £2,373m . Increase in cet1 capital was largely driven by profits of £2.1bn generated in period . Says capital on track to meet our end-state target and we are well positioned to absorb headwinds over next few years . Additional uk customer redress provisions of £1,000m (2015: £2,772m) relating to payment protection insurance (ppi) were recognised . Says certain legacy conduct issues remain . Barclays continues to explore opportunities to reduce its shareholding in barclays africa . A final dividend for 2016 of 2.0p per share will be paid on 5 april 2017 . Says just months away from completing restructuring of barclays .End-State cet1 capital ratio target has been revised to 150-200bps above minimum regulatory level.  Full Article

Barclays 2016 group pretax profit 3.2bln stg
Thursday, 23 Feb 2017 02:05am EST 

Barclays : To close non-core unit 6 months early, in june . 2016 group pretax profit 3.2bln stg . 2016 cet 1 ratio at 12.4 percent . Agreed separation terms with barclays africa .2016 group bonus pool down 1 percent.  Full Article

Cerved agrees to manage Barclays 12 bln euro mortgage portfolio
Tuesday, 7 Feb 2017 01:38pm EST 

Italy's Cerved says: its Cerved Credit Management Group unit has signed letter of intent with Barclays Bank to exclusively manage a mortgage portfolio worth about 12 billion euros .management of portfolio to start third quarter this year.  Full Article

UK's SFO finds four guilty in 160 mln stg financing fraud
Tuesday, 7 Feb 2017 01:15pm EST 

UK's Serious Fraud Office : Four found guilty in 160 mln stg financing fraud . Found guilty for conspiracy to make corrupt payments and conspiracy to commit fraud against Barclays Bank and KBC Lease (UK) to obtain almost 160 mln stg . Stephen Dartnell, George Alexander of total asset limited trading as total asset finance were found guilty. . Carl Cumiskey of H2O Networks Limited ("H2O") and Simon Mundy who worked for KBC were also found guilty Further company coverage: [BARC.L] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Barclays says rejects U.S. Dept. of Justice complaint
Thursday, 22 Dec 2016 07:53pm EST 

Barclays Plc : Barclays says notes complaint filed by U.S. Department of Justice ("doj") today in U.S. District Court for Eastern District of New York. . Says rejects claims made in complaint. .Says considers that claims made in complaint are disconnected from facts. Barclays will vigorously defend complaint and intends to seek its dismissal at earliest opportunity..  Full Article

Barclays Plc says it will "vigorously" defend claims in U.S. DoJ's complaint- CNBC
Thursday, 22 Dec 2016 04:06pm EST 

Barclays Plc : Says it rejects claims made in US DoJ's complaint, will vigorously defend the claims - CNBC Further company coverage: [BARC.L] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

U.S. sues Barclays Over residential mortgage backed securities - Bloomberg
Thursday, 22 Dec 2016 02:50pm EST 

:U.S. sues Barclays over residential mortgage backed securities in lawsuit filed in federal court in N.Y - Bloomberg.  Full Article

Barclays Bank - iPath MSCI India Index ETN to be subject to regulations issued by SEBI
Friday, 7 Oct 2016 04:48pm EDT 

Barclays Bank Plc [BARCR.UL] : SEBI regulations and circulars include requirements that cannot be complied with in context of etns . Currently considering steps to comply with SEBI decision by December 31, 2020 and will make a further announcement in due course . Barclays announces impact of Indian regulations on iPath MSCI India Index ETN . IPath MSCI India Index ETN to be subject to regulations issued by SEBI on offshore derivative instruments linked to Indian equity securities . SEBI has advised Barclays not to issue additional ETN and that positions being held in etn may only continue until December 31, 2020 .Steps being considered by Co may result in ETNs ceasing to be listed and publicly traded.  Full Article

Barclays says to sell UK Trust business to ZEDRA
Thursday, 6 Oct 2016 07:35am EDT 

Barclays Plc : Signed an agreement to sell its UK Trust business to ZEDRA .Terms of sale are not disclosed. Sale is expected to have a minimal impact on Barclays' reported financials..  Full Article

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Fitch: Barclays Reports Resilient but Modest Earnings

(The following statement was released by the rating agency) LONDON, February 27 (Fitch) Fitch Ratings says Barclays' resilient domestic earnings were diluted by the group's corporate and investment banking business in 2016, although stronger capital markets activity and a stronger dollar compared with sterling had a positive effect on fourth quarter and overall results. The group's returns on tangible equity of just 1.1% in the quarter and 3.6% for the full year were weaker than US and some