Barclays Announces Plans To Curb Fossil Fuel Funding LeapRate

February 09, 2024 BY Simon Mugo

Barclays Announces Plans To Curb Fossil Fuel Funding

This decision is a critical component of its newly unveiled Transition Finance Framework (TFF), introduced amid growing scrutiny from environmental advocates concerning its energy financing policies in light of rising emissions from fossil fuel combustion. Starting in 2025, the financial institution plans to limit its financing to companies that are not diversified, such as those…

October 21, 2022 BY Steffy Bogdanova

FCA fines Barclays £50 million for disclosure failures

Furthermore, the FCA pointed out that Certain Qatari entities were important investors in both of Barclays’s capital raisings at the time. The company entered into two advisory agreements with these entities, involving payments to one of the Qatari entities in the amount of £322 million over three and five years respectively. Barclays had disclosed that…

June 27, 2022 BY Steffy Bogdanova

Barclays names Arif Vohra Co-Head of Investment Banking Financial Institutions Group in EMEA

Tim Main, Global Co-Head of FIG Investment Banking commented: Arif is a highly respected FIG banker and a strong leader who understands the power of delivering the whole firm to clients. The strength and breadth of his expertise will bring considerable value to our clients across the region as we look to build on the…

Barclays appoints Hossein Zaimi as Head of Markets APAC

May 12, 2022 BY Steffy Bogdanova

Hossein Zaimi appointed as Head of Markets APAC at Barclays

Stephen Dainton commented: APAC is at the centre of our multi-year growth strategy for Global Markets and Hossein’s appointment attests to the significant investment we are making to expand our franchise in the region. Adeel Khan added: It is critical to our growth plan that we continue to build great teams and bring in strong…

February 25, 2022 BY Steffy Bogdanova

FINRA fines Barclays $350K for market access controls failures

As result, Barclays the routed 19,500 orders for 2,500,000 contracts to the market unchecked. Of those 9,500 orders for 1,125,000 contracts were executed. Additionally, the firm did not prevent the entry of erroneous orders of a total of $11.8 million, rather than the intended $118,000. The company has accepted FINRA’s monetary penalty but has not…

Duncan Beattie and Duncan Connellan join Barclays Australian investment banking unit

January 17, 2022 BY Steffy Bogdanova

Barclays hires Duncan Beattie and Duncan Connellan to bolster its Australian investment banking unit

In their new roles at Barclays, Beattie and Connellan will be based in Sydney and report to Richard Satchwell, Country CEO and Head of Investment Banking, Australia. Richard Satchwell, Country CEO and Head of Investment Banking, Australia, said: Duncan Beattie and Duncan Connellan are outstanding additions to our Investment Banking team. Their deep industry relationships…

January 13, 2022 BY Steffy Bogdanova

Sven Baumann appointed as Head of Investment Banking DACH at Barclays

Prior to that, Baumann spent three years at Bank of America Merrill Lynch. He served as a Managing Director there and was focused on advising private equity firms on European investments and specifically on investments in German-speaking Europe. Baumann also spent 10 years at Deutsche Bank. He joined the company as an Associate and reached…

October 12, 2021 BY Steffy Bogdanova

Barclays names Angela Liu as CEO of China business

Liu will also lead Barclays’ growth initiatives in China across all product lines in Global Markets, Investment Banking and Corporate Banking. Her work will see her partner with the bank’s regional heads of the CIB, and with Grace Kuo, Barclays’ Shanghai Branch Manager. Jaideep Khanna, Head of Barclays, Asia Pacific, said: China presents a big…

Antony Stephen joins Barclays new finance business as CEO

September 24, 2021 BY Steffy Bogdanova

Antony Stephen joins Barclays finance business as CEO

Ruchir Rodrigues, commented: I am delighted that Antony is joining Barclays to lead our point-of-sale finance business, and that we’re able to attract talent of his calibre. Antony’s global experience with an industry-leading firm like Amazon and his passion for customer centricity will be invaluable in driving this business forward. His vision and leadership will…

July 06, 2021 BY Alan Sayer

Barclays places block on transfers to Binance for UK customers

Barclays' decision is expected to cause other banks to decide on how they will handle Binance. Both Natwest and Santander have made comments related to crypto exchanges recently, with Natwest taking the decision to decrease the daily limit that customers could make to crypto exchanges. This news from Barclays, as well as the decision by…

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