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City

Barclays freezes £22m share bonuses for former boss amid Epstein links probe

Barclays has frozen £22 million of bonus share awards made to former boss Jes Staley amid an investigation into his relationship with disgraced financier and convicted sex offender Jeffrey Epstein. The banking giant’s annual report revealed it has ...

23 Feb 2022 at 11:25

City

Barclays freezes former boss’s share bonuses amid Epstein links probe

Barclays has frozen millions of pounds in bonus share awards made to former boss Jes Staley amid an investigation into his relationship with disgraced financier and convicted sex offender Jeffrey Epstein. The banking giant’s annual report ...

23 Feb 2022 at 09:25

City

Barclays boss reveals cancer diagnosis but will continue to manage bank

Banking giant Barclays has revealed its chief executive CS Venkatakrishnan is undergoing treatment after being diagnosed with non-Hodgkin lymphoma. Mr Venkatakrishnan, known as Venkat, told staff in a letter that he will receive ...

28 Nov 2022 at 11:52

City

Barclays’ half-year profit rises but cover for bad loans soars to £900m

Barclays has reported a jump in its half-year profit but set aside an impairment charge of £900 million to cover expected loan losses. The banking giant said its pre-tax profit hit £4.6 billion in the six months to the end of ...

27 Jul 2023 at 12:43

City

Barclays shares tumble after annual profits fall

Barclays has reported a 14% slide in profits as it set aside £1.2 billion to cover loan losses, but revealed it handed its boss more than £5 million in pay and bonuses last year. The banking giant said its pre-tax profits ...

15 Feb 2023 at 11:25

City

Barclays profit falls as banking giant considers cutting costs

Barclays has reported lower earnings and cut its profitability forecasts, as it revealed it is considering cutting costs. Shares in the banking giant tumbled by more than 8% on Tuesday morning after it gave an update on ...

24 Oct 2023 at 10:01

City

Mortgage holders to face ‘huge income shock’, Barclays boss says

The boss of Barclays has cautioned over a “huge income shock” ahead for UK mortgage holders but said households have cut down spending and are paying down debts. CS Venkatakrishnan, known as Venkat, also said the ...

24 May 2023 at 11:38

City

Barclays sees profits jump despite rise in bad debt provisions amid US concerns

Barclays has revealed first-quarter earnings jumped by nearly a fifth, but set aside more cash for bad debts due to worries over the US economy and a mounting global trade war. The UK banking giant reported a ...

30 Apr 2025 at 07:35

City

Barclays sees profits surge as tariffs turmoil boosts trading activity

Barclays has seen profits surge by nearly a fifth thanks to a boom in trading activity sparked by recent turmoil in financial markets after Donald Trump triggered a global trade war. The UK banking giant ...

01 May 2025 at 11:52

City

Barclays joins rival in cautioning against hiking bank taxes

The boss of Barclays has become the latest to caution the Chancellor against hiking taxes for banks in her autumn budget as she looks to bolster the public finances. Group chief executive CS ...

29 Jul 2025 at 09:14

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