Tag Archives: Barclays

Barclays Finalizes Acquisition of Tesco Bank’s Retail Business, Launches Strategic Partnership to Expand Tesco-Branded Financial Services

(IN BRIEF) Barclays has completed the acquisition of Tesco Bank’s retail banking business, including credit cards, loans, and deposits, now managed under Barclays UK. This acquisition, supported by a new 10-year partnership with Tesco, will enable Barclays to offer Tesco-branded … Read the full press release

Barclays Cuts Interest Rates on Green Loans to Help UK Farmers Transition to Net Zero

(IN BRIEF) Barclays has reduced interest rates on four of its Green Loans for Business to support UK agriculture and SMEs in their efforts to reduce emissions and enhance biodiversity. This move is part of Barclays’ commitment to financing the … Read the full press release

Barclays Boosts M&A Leadership with Strategic Hire of Martin Douglass as Head of Financial Sponsors

(IN BRIEF) Barclays has appointed Martin Douglass as the new Head of Financial Sponsors M&A. With nearly 15 years of investment banking experience, Douglass joins Barclays from Morgan Stanley, where he was a Managing Director. In his new role, Douglass … Read the full press release

Amazon and Barclays Unveil Co-Branded Credit Card Offering Rewards for Everyday Spending

(IN BRIEF) Amazon and Barclays have launched the Amazon Barclaycard, a new co-branded credit card in the UK that rewards customers for everyday spending. The card offers up to 2% back in Amazon Barclaycard Rewards, with 1% on Amazon purchases … Read the full press release

Barclays Continues Expansion Strategy with Key Hire for German-speaking Markets

(IN BRIEF) Barclays, a leading global financial institution, has announced the appointment of Christian Wagner as the Head of Investment Banking for Germany, Austria, and Switzerland (DACH). In this role, Mr. Wagner will oversee the entire Investment Banking business for … Read the full press release

Barclays Warns of Rising Ticket Scams Ahead of Summer Events

(IN BRIEF) Barclays issues a cautionary alert to sports and entertainment enthusiasts as reports of purchase scams, especially in ticketing, surged in July 2023, with men losing an average of £325 and women £156 to ticket scams. The bank’s data … Read the full press release

Barclays and Unreasonable Impact Welcome 12 Ventures Advancing Sustainability in Asia Pacific

(IN BRIEF) Unreasonable Impact, in collaboration with Barclays, has unveiled the latest cohort of ventures joining its Asia Pacific program, aimed at fostering sustainable solutions to pressing societal and environmental challenges. The 12 ventures selected span diverse sectors, from healthcare … Read the full press release

Taylor Swift’s Eras Tour: A £997m Economic Boost for the UK

(IN BRIEF) The highly anticipated Eras Tour by Taylor Swift is poised to inject a staggering £997 million into the UK economy, according to new data from Barclays. Swifties attending the tour are expected to spend an average of £848 … Read the full press release

Barclays Defends Its Record on Sustainable Finance Amid Criticism from Investigative Report

(IN BRIEF) Barclays has publicly disputed claims by The Bureau of Investigative Journalism (BIJ) regarding its financing activities, specifically accusing BIJ of inaccurately attributing a disproportionate share of sustainability-linked financing to the bank. BIJ reported that Barclays facilitated $41 billion … Read the full press release

Barclays Advances Its Transition Financing, Cutting Emissions Amid Criticism on Fossil Fuel Investments

(IN BRIEF) Barclays is actively financing the transition of the energy sector by implementing strict policies and reducing financed emissions by 44% in the Energy sector and 26% in the Power sector from 2020 to 2023. Despite facing criticism for … Read the full press release

Barclays and British Gas Extend Partnership to Offer Discounted Home Health Check for Mortgage Customers

(IN BRIEF) Barclays has extended its partnership with British Gas to offer residential mortgage customers a discounted British Gas Home Health Check for £50, including an Energy Performance Certificate (EPC) at no extra cost. Aimed at addressing homeowners’ confusion about … Read the full press release

Barclays Strengthens M&A Leadership Team with Key Appointments in EMEA

(IN BRIEF) Barclays has announced the appointment of Stephen Pick as Head of M&A for EMEA, Pier Luigi Colizzi as Chairman of M&A for EMEA, and Asim Mullick as Head of M&A for Financial Sponsors for EMEA. These appointments underscore … Read the full press release

Barclays and LTA Join Forces to Serve Up Free Park Tennis Across Britain

(IN BRIEF) Barclays and the Lawn Tennis Association (LTA) have launched a new five-year partnership aimed at getting 150,000 people playing tennis more regularly in parks across Britain. Through the initiative “Barclays Free Park Tennis,” free volunteer-led tennis sessions will … Read the full press release

Barclays Strengthens Energy Transition Focus with New Co-Heads Appointment

(IN BRIEF) Barclays reinforces its commitment to supporting clients in transitioning to a low-carbon economy by appointing Rafael Abati as Co-Head of the Energy Transition Group (ETG) in EMEA, alongside Marie Freier. With almost two decades of experience from UBS … Read the full press release

AGL Credit Management and Barclays Launch AGL Private Credit Platform

(IN BRIEF) AGL Credit Management LP (“AGL”) and Barclays Plc (“Barclays”) have announced an exclusive Cooperation Agreement and the introduction of a new private credit investment platform, AGL Private Credit (“AGL PC”). AGL PC merges AGL’s established credit expertise with … Read the full press release

Unreasonable Impact UK & Europe Programme Welcomes 13 Ventures Addressing Climate and Social Challenges

(IN BRIEF) Unreasonable Impact, a collaboration between Unreasonable Group and Barclays, has unveiled 13 new ventures joining its UK & Europe programme, each dedicated to tackling pressing global challenges. The ventures, ranging from food waste reduction to sustainable reforestation and … Read the full press release

Barclays’ Omar Faruqui Appointed Director General of UK Takeover Panel

(IN BRIEF) Omar Faruqui, Barclays’ Co-Head of M&A for Europe, Middle East, and Africa, has been appointed as the Director General of the UK Takeover Panel, commencing a two-year secondment from Barclays starting May 1, 2024. The UK Takeover Panel, … Read the full press release

Barclays Expands Reach with Acquisition of Tesco Retail Banking Business and Exclusive Partnership Deal

(IN BRIEF) Barclays Bank UK PLC has announced its agreement to acquire Tesco’s retail banking business, marking a significant strategic move to expand its offerings and distribution channels in the UK. This acquisition, along with an exclusive long-term partnership to … Read the full press release

Barclays Intensifies Climate Commitment with New Climate Change Statement and Transition Finance Framework

(IN BRIEF) Barclays reinforces its dedication to addressing climate change by releasing a revised Climate Change Statement and unveiling a Transition Finance Framework. The updated statement outlines stringent measures, including restrictions on financing for certain energy projects and requirements for … Read the full press release

Barclays Strengthens Credit Trading Leadership in Asia Pacific with Abhay Kumar Sinha Appointment

(IN BRIEF) Barclays has announced the appointment of Abhay Kumar Sinha as the Co-Head of Credit Trading for Asia Pacific. Based in Singapore, Mr. Sinha, with over 25 years of experience in the credit industry, joins Barclays from Deutsche Bank, … Read the full press release

Barclays Appoints Ryan Voegeli as Head of Investment Banking for Canada

(IN BRIEF) Barclays has announced the appointment of Ryan Voegeli as the new Head of Investment Banking for Canada. With two decades of investment banking experience, Voegeli joins Barclays from CIBC Capital Markets, where he served as the Head of … Read the full press release

Barclays Strengthens Research Team with Chief Japan Economist Hire, Mr. Naohiko Baba

(IN BRIEF) Barclays has welcomed Mr. Naohiko Baba as Managing Director, Chief Japan Economist, and Head of Japan Research, effective from January 1, 2024. With over 30 years of industry experience, Mr. Baba will lead Barclays’ macroeconomic research efforts for … Read the full press release

Barclays Appoints JB Patois as Head of Equity Derivatives for Asia Pacific

(IN BRIEF) Barclays has announced the appointment of Jean-Baptiste (JB) Patois as the Head of Equity Derivatives ex-Strategic Derivatives, Asia Pacific, based in Hong Kong. In this role, Mr. Patois will lead the Exotics and Flow Derivatives teams. He will … Read the full press release

UK Retailers Roll Out Early Christmas Displays to Boost Festive Sales

(IN BRIEF) According to data from the Barclays Business Barometer, UK retailers are embracing an early start to the Christmas season, with 49% of them opting to display festive goods earlier this year to help customers spread the cost of … Read the full press release

Barclays Issues Warning as Purchase Scams Surge During Black Friday and Cyber Monday

(IN BRIEF) Barclays has sounded an alarm ahead of this year’s Black Friday and Cyber Monday sales, citing a 22% increase in money lost to purchase scams during the same period last year. Purchase scams, which involve buying products that … Read the full press release

Barclays Launches Demo Directory: A Game-Changer for UK Businesses Seeking Investment

(IN BRIEF) Barclays has introduced the Demo Directory, a novel online platform that allows UK businesses to connect with potential investors, regardless of their banking affiliation. This free service aims to simplify and expedite access to capital, offering opportunities for … Read the full press release

Barclays Strengthens Sustainability Focus with New Asia Pacific Head

(IN BRIEF) Barclays has appointed Denise Wong as the Head of Sustainable and Impact Banking for the Asia Pacific region. Based in Hong Kong, Wong will advise corporate and institutional clients on sustainability initiatives as they transition to a low-carbon … Read the full press release

Barclays LifeSkills Unveils Bold Initiative to Tackle Unemployment and Bridge Social Divides

(IN BRIEF) Barclays LifeSkills is introducing a new strategy to address unemployment and social inequality, with a focus on underrepresented and underserved groups in the UK. The program aims to provide skills and employment opportunities to individuals facing barriers to … Read the full press release

Barclays Bolsters Internet Banking Team with Key Appointments: Emma Taylor as Global Head and Carmen Chan as Managing Director

(IN BRIEF) Barclays has appointed Emma Taylor as the Global Head of Internet Coverage and Carmen Chan as a Managing Director of Internet Coverage within the Technology Investment Banking division. Emma Taylor, with nearly 20 years of experience in Technology … Read the full press release

UK SMEs Poised to Drive Employment Growth: Expected to Hire 3.5 Million People This Quarter

(IN BRIEF) UK small and medium-sized businesses (SMEs) are expected to contribute to significant employment growth this quarter, with the potential to hire up to 3.5 million people. This positive projection is based on data from the Barclays Business Barometer, … Read the full press release

Barclays Urges Tech Giants to Combat Growing Scams on Platforms

(IN BRIEF) A new study from Barclays reveals that 76% of UK citizens feel unsafe on social media platforms due to scams, with 87% of scams originating on tech platforms. Scams have risen by 24% in the past quarter, led … Read the full press release

Live Entertainment and Summer Spending Boost UK Hospitality & Leisure Sector

(IN BRIEF) Consumer card spending in the UK grew by 4.0% YoY in July, driven by the hospitality and leisure sector as Brits spent more on getaways, dining out, and entertainment like concert tickets. Spending on supermarkets grew at a … Read the full press release

Barclays Strengthens Sustainable Project Finance Leadership with New Global Head

(IN BRIEF) Barclays has appointed James Edmonds as the Global Head of Sustainable Project Finance within its Corporate and Investment Bank. Based in New York, Edmonds will collaborate across the organization to offer project financing solutions that aid clients in … Read the full press release

Barclays Strengthens M&A Franchise with Key Appointments

(IN BRIEF) Barclays has announced the expansion of its M&A franchise through the appointment of Dan Grabos as Co-Head of Americas M&A, alongside Larry Hamdan. In addition to his new role, Grabos will continue serving as Co-Head of Industrials M&A. … Read the full press release

Barclays Encourages Over 65s to Tap into Online Marketplaces and Clear Clutter, Unlocking Potential £700 Boost

(IN BRIEF) Barclays has conducted research revealing that over 65s in the UK could potentially earn nearly £700 by selling unwanted items online. However, despite having an average of 18 items they would like to sell, only a quarter of … Read the full press release

UK Card Spending Shows Growth in June, but Concerns Remain Over Inflation and Shrinkflation

(IN BRIEF) Consumer card spending in the UK showed a year-on-year growth of 5.4% in June, driven by warm weather and increased socializing at pubs and bars. Spending on groceries surged by 9.5%, although shoppers remain concerned about “shrinkflation” and … Read the full press release

Research Reveals Misconceptions Hindering Homeowners from Energy Efficiency Retrofits

(IN BRIEF) A study by Barclays and Ipsos has identified misconceptions as a key factor preventing homeowners from making energy efficiency retrofitting upgrades to their homes. The research highlights that homeowners overestimate the cost of common energy efficiency modifications and … Read the full press release

Barclays Supports Moray West Offshore Wind Farm, Paving the Way for Scotland’s Renewable Energy Goals

(IN BRIEF) Barclays has provided a £95.5 million loan to Moray West, an offshore wind farm development in the Moray Firth, Scotland. The project aims to supply 50 percent of Scotland’s electricity, powering approximately 1.33 million homes and reducing CO2 … Read the full press release

Barclays Strengthens G10 FX Trading with Key Appointments of Torsten Schöneborn and Jerry Minier

(IN BRIEF) Barclays has appointed Torsten Schöneborn and Jerry Minier as Co-Heads of G10 FX Trading. Torsten brings over 15 years of experience, previously serving in key roles at BNP Paribas and Deutsche Bank. Jerry, with more than 18 years … Read the full press release

Barclays Strengthens Industrials Team with Appointment of Yuri Shakhmin as Managing Director

(IN BRIEF) Barclays has announced the appointment of Yuri Shakhmin as a Managing Director in the Global Industrials Group within its Investment Banking division. Shakhmin’s extensive experience and track record in advising industrial clients make him a valuable addition to … Read the full press release