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Barclays opens 5,000-strong Glasgow campus in bid for top tech talent wsau.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wsau.com Daily Mail and Mail on Sunday newspapers.
Provided by Dow Jones Jul 28, 2021 9:05 PM UTC Shares of banks and other financial institutions were more or less flat after strong earnings from European banks and a balanced statement from the Federal Reserve. Treasury yields ticked up after the Fed statement, suggesting investors expect the central bank to begin a gradual tapering of asset purchases by the end of the year. Barclays shares rose, bringing its one-year gains to roughly 70% after the British bank posted a manifold increase in second-quarter earnings to $2.92 billion. The results were an apparent vindication of Chief Executive Jes Staley s strategy of doubling down on investment-banking operations rather than exiting the volatile business as some investors had advocated.
Barclays (BARC.L) will offer investors an advisory vote on its climate policy at next year's annual shareholder meeting, the bank's chairman said, after pressure from investors and activists to become greener.
By Simon Clark LONDON Barclays PLC said net profit more than doubled as equities trading revenue surged and the U.K. economy started to recover from the ravages of the coronavirus pandemic. The London-based lender earned GBP1.7 billion in the first three months of the year, the equivalent of $2.37 billion, up from GBP605 million in the same period last year. Barclays operates a trans-Atlantic investment bank as well as offering traditional financial services in the U.K. Pretax profit from the investment bank, which trades fixed-income securities, equities and derivatives, rose 46% to GBP1.7 billion in the first quarter. Provisions for bad loans fell to GBP55 million in the quarter from GBP2.1 billion in the same period last year.
Big banks report record 1Q earnings; Coinbase shines in stock market debut americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
FOCUS-How Amsterdam is stealing a march on rivals as Brexit trading hub reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff 1 Min Read FILE PHOTO: A Barclays bank building is seen at Canary Wharf in London, Britain May 17, 2017. REUTERS/Stefan Wermuth//File Photo (Reuters) - Barclays Chief Executive Jes Staley says the bank has no current plans to make “a major real estate move”. Staley said in April last year that the pandemic could make “large” offices a thing of the past, prompting speculation they may vacate some of the buildings they occupy in London’s Canary Wharf district. But he took a softer tone on Thursday during an earnings call. “We will keep a significant presence in Canary Wharf, no one has a crystal ball as to how this will all unfold, but right now there is no plan on our part to make a major real estate move,” he said.
How Amsterdam is stealing a march on rivals as Brexit trading hub By Tommy Wilkes, Toby Sterling, Abhinav Ramnarayan and Huw Jones Reuters AMSTERDAM/LONDON (Reuters) - All the talk was of Frankfurt or Paris luring London s financial business as Britain peeled away from the EU. Yet it is Amsterdam that is proving the most visible early winner. Data last week showed the Dutch capital had displaced London as Europe s biggest share trading centre in January, grabbing a fifth of the 40 billion euros-a-day action, up from below a tenth of trading pre-Brexit. Yet that is just one of several areas the city has quietly stolen a march on its rivals as it attracts businesses from Britain, evoking memories of its history as a global trading powerhouse in the 17th century.
Top bankers sound alarm: Remote work is starting to grat americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.