UK's FCA To Fine Barclays Ex-CEO James Staley GBP 1.8 Mln Over Jeffrey Epstein Scandal

Barclays Posts Q4 Loss, Plans GBP 2 Bln Cost Actions, To Return GBP 10 Bln; Stock Up

Shares of Barclays Plc were gaining more than 6 percent on London stock exchange as well as around 8 percent in pre-market activity on the NYSE after the British lender announced a new 2 billion pounds, three-year cost efficiency savings plan, as well as its plan to return 10 billion pounds of capital to shareholders. Meanwhile, the company reported sharply lower pre-tax profit in its fourth quart

RTTNews | 631 dni temu

Barclays Plans To Cut $1.25 Bln Costs, Up To 2,000 Jobs

British banking major Barclays Plc. is planning to cut costs by as much as 1 billion pounds or $1.25 billion over several years through various measures including up to 2,000 job cuts, Reuters reported citing people with knowledge of the matter. The planned job cuts mainly would be in the British bank's back office. The proposed move likely reflects the bank's aim to bolster its profitability.

RTTNews | 719 dni temu

Barclays Stock Down On Weak Q4, FY22 Profits

Shares of Barclays Plc were losing around 9 percent in the early morning trading in London as well as in pre-market activity on the NYSE after the British banking major reported Wednesday lower profit in its fourth quarter and fiscal 2022 on charges. However, income and net interest income improved as weakness in Corporate and Investment Bank segment was offset by strong growth in Consumer, Cards.

RTTNews | 1001 dni temu

Bay Street May Open On Positive Note Again

Canadian stocks may open higher on Wednesday amid optimism about an end to the U.S. government shutdown. Firm European stocks and expectations of an interest rate cut by the Federal Reserve next month may also help underpin sentiment.

RTTNews | 3g 5 minut temu

FTSE 100 Pares Early Gains; SSE Soars 12%

After opening marginally higher and moving up a bit subsequently, the U.K. market's FTSE 100 slipped into negative territory on Wednesday, with investors looking for direction and largely refraining from making significant moves.

RTTNews | 4g 23 minut temu

CAC 40 Extends Gains To 3rd Straight Day, Rises Over 1%

French stocks are up in positive territory on Wednesday, extending gains to a third straight session, led by gains in financial and luxury sectors. Expectations of an interest rate cut by the Federal Reserve next month, and hopes that the government shutdown in the U.S. will likely end this week help underpin sentiment.

RTTNews | 5g 21 minut temu

DAX Climbs To 4-week High On Inflation Data, Earnings

Germany's DAX climbed to a four-week high on Wednesday with investors continuing to pick up stocks amid hopes the US government shutdown will come to an end soon, and expectations of an interest rate cut by the Federal Reserve in December.

RTTNews | 5g 47 minut temu

Sensex, Nifty Surge On Trade Deal Hopes; IT Stocks Lead Gains

Indian shares rose notably on Wednesday, with U.S. shutdown resolution and growing optimism over a potential trade deal with the United States boosting sentiment.

RTTNews | 6g 45 minut temu

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