Barclays PLC

Bleak quarterly showings by Barclays, Smith+Nephew and Taylor Wimpey weighed on the FTSE 100 on Wednesday, with investors now awaiting more stimulus from the U.S. Congress and the Federal Reserve to shore up a battered global economy.

Barclays set aside a higher than expected 1.6 billion pounds to cover a possible rise in loan losses in the second quarter of the year, as the economic impact of the coronavirus pandemic begins to bear down on its consumer business.

Barclays Commodities Research said on Thursday oil prices could see a correction in the near-term if a recovery in fuel demand slows further, especially in the United States.

Barclays <BARC.L> told investors on Monday that recent regulatory changes had boosted its core capital, giving the British bank a bigger buffer to absorb any further loan losses during the coronavirus crisis.

Major developed economies face a surge in debt as the coronavirus crisis sparks massive fiscal stimulus, but they have time to get their houses in order, Barclays said on Wednesday.

* IMPOSED ADMINISTRATIVE FINE AMOUNTING TO 700,000 EUR AGAINST BARCLAYS PLC.

Barclays <BARC.L> has dismissed as "distorted and exaggerated" legal arguments by financier Amanda Staveley, who is claiming up to 1.5 billion pounds in damages for alleged deceit over a financial crisis-era fundraising in a high-profile London trial.

British buinesswoman Amanda Staveley's private equity firm told London's High Court on Monday it had received a "substantially worse" deal than Qatar when its syndicate invested billions of pounds in Barclays <BARC.L> during the financial crisis in 2008.

Barclays PLC has hired Alex Lynch as the chairman of banking within its investment bank, a statement from the British lender said on Friday.

Barclays has appointed Todd Sandoz and Paul Leech as interim co-heads of global equities, according to an internal memo seen by Reuters on Thursday.

The third-largest U.S. lender Citigroup Inc said on Monday it had appointed former Barclays' executive Fater Belbachir as the global head of its equities business.

The Chairman of Barclays said the British bank "can and should play a leading role" in tackling climate change, hours after environmental activists sprayed imitation oil on its headquarters to call on the lender to divest from fossil fuels.

The British parliament's treasury committee chairman has told the chief executive of Barclays <BARC.L> to explain delays to granting emergency loans to small businesses.

Norway's sovereign wealth fund will vote in favour of a resolution committing Barclays to tackling climate change at the bank's annual general meeting on May 7, instead of a separate shareholder one, the fund said on Friday.

Norway's sovereign wealth fund will vote in favour of a resolution committing Barclays to tackling climate change at the bank's annual general meeting on May 7, the fund said on Friday.

Bank results are like optical illusions: Similar numbers can make a different impression depending on the viewer’s angle. That’s the case with Barclays and its Chief Executive Jes Staley’s erstwhile employer, JPMorgan. Both took aggressive charges for bad debt. But what...

The coronavirus pandemic could permanently change how many bankers make the daily trudge into tightly packed city centre offices, Barclays <BARC.L> CEO Jes Staley said on Wednesday.

A stellar performance from Barclays' <BARC.L> investment bank in the first quarter helped to soften a blow to the bank's profits from a 2.1 billion pound bad debt provision to cover loan losses from the coronavirus crisis.

The coronavirus pandemic could permanently change how many bankers make the daily trudge into tightly packed city centre offices, Barclays CEO Jes Staley said on Wednesday.