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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 treatment at a ...

28 Nov 2022 at 11:52

City

Barclays profit surges ahead of expectations on interest rate boost

Banking giant Barclays has reported a record-high profit for the first three months of the year as higher interest rates bolstered its income in the UK. The international bank said it made a pre-tax profit of £2.6 billion in the first quarter ...

27 Apr 2023 at 10:54

City

Barclays profit falls as it reveals costly overhaul of bank

Barclays has revealed a drop in its full-year earnings as it spent £1 billion over 2023 on efforts to restructure the bank. The company shared an investor update with major plans to reorganise the business as it hopes to boost profits and ...

20 Feb 2024 at 07:50

City

Barclays reveals £2bn cost-cutting overhaul as profits fall

Barclays has revealed plans to strip out another £2 billion in costs in the coming years, after efforts to overhaul the bank have weighed on profits in recent months. Shares in the the bank jumped by about 5% on Tuesday morning after it ...

20 Feb 2024 at 10:37

City

Investors cheer Barclays overhaul but concerns raised over further job losses

Barclays has delivered a boost to its shareholders, but raised concerns over further job losses after setting out plans to overhaul the bank. It is aiming to save about £1 billion from making the bank more efficient this year, and ...

20 Feb 2024 at 14:16

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 its ...

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 recent ...

24 May 2023 at 11:38

City

Revolut boss says ‘not rational’ to float in UK over US stock market

The boss of Revolut has said it is “not rational” to list its shares in the UK over the US, dealing a blow to London’s stock markets following the fintech giant becoming Europe’s most valuable start-up. Nik Storonsky’s ...

03 Dec 2024 at 13:03

City

Barclays hands out more in staff bonuses while boss’s pay more than doubles

The boss of Barclays took home a £10.5 million pay packet last year, while the bank handed out £1.9 billion in bonuses to its staff after reporting greater yearly profits. The bank said it wanted to reward staff for a ...

13 Feb 2025 at 16:43

City

Barclays to hand share award to staff after yearly profit surges by a quarter

Barclays has unveiled bigger profits after a stronger year for its investment bank, as its boss said he was “deeply apologetic” to customers affected by the recent technology outage. The banking group will be handing ...

13 Feb 2025 at 09:42

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