Barclays: special focus

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Euromoney's recent coverage of the bank's battle to retool its business model and boost earnings.

Treasurers left in the dark over ring-fencing plans
August 2016
Barclays has outlined its timeframe for the implementation of ring-fencing, but banks have so far given little public detail on what the structural reform of the UK’s banking industry will entail. This is leaving corporate treasurers unable to make their own plans.

Sideways: Brexiteers’ financial gains may be short-lived 
July 2016
Barclays was among many European banks to see further price falls and volatility in the week following the Brexit referendum, even after shares bounced from their early lows. There are plenty of reasons to be gloomy about the banking sector in the wake of the vote, especially for a firm such as Barclays that remains an active player in investment banking and now faces a host of uncertainties over sales of financial products into Europe from its London base, as well as a worsened outlook for advisory, underwriting and trading services.

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Awards for Excellence 2016

World's best bank for public sector clients 

Western Europe's best investment bank 2016

UK's best investment bank

 

 

Macaskill on markets: Brexit and the merchant bankers 
June 2016
Jes Staley, CEO of Barclays and a former employee of Dimon’s, provided a stark contrast with his decision to remain largely silent on the implications of the vote – and afterwards released a statement on his commitment to a transatlantic UK/US model. That didn’t help to inoculate Barclays from market turbulence after the decision to leave the EU was confirmed. Its shares fell by 30% at one point in early trading on Friday, before partially recovering when Mark Carney, governor of the Bank of England (BoE), publicly committed to provision of extra liquidity to support UK banks and stated they are adequately capitalized.

Barclays: Can Jes do it?
June 2016
Six months ago, Jes Staley took on a job that many of his peers said they did not envy. His task: to turn Barclays' business performance around and create a clear strategic vision for a bank that had not adapted to a new regulatory and market environment. Work remains to be done, not least in agreeing a ring-fenced structure and improving returns at the investment bank. But the mood at Barclays appears to be brightening.

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Barclays looks outside for King successor 
June 2016
Barclays CEO Jes Staley has moved quickly to fill the top positions of his management team, with one big exception.

Barclays: Staley needs numbers to match the message
June 2016 
Deutsche Bank’s John Cryan might have the toughest job in banking, but Jes Staley probably runs a close second. The Barclays CEO has had an impressive first six months, all things considered. As always, there is more to do.

Anatomy of a wind-down: life in Barclays Non-Core
May 2016
For the past couple of years, staff in a unit of Barclays have been hearing the sound of bells. Unlike at the New York Stock Exchange, however, this does not indicate the end of the trading day. The Barclays bells tell the global team tasked with offloading the bank’s non-core businesses that one of their colleagues has closed a deal.

Barclays Africa eyes growth despite group sale
April 2016 

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CEO to press on with pan-African investment; PLC exit comes as African business turns round.

Staley cements Barclays’ new order with Africa exit 
March 2016


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Barclays' planned divestment of its Africa unit signals a new normal for the lender but the move appears counter-intuitive given the latter's relative profitability.

New twist in Barclays saga as Staveley sues for £1bn
January 2016

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A long history of dispute over what the Gulf-based adviser should be paid for her role in helping the UK bank raise capital during the financial crisis, first revealed by Euromoney, has been revived – and escalated – by a new claim lodged in the UK High Court.

Barclays' FX fine: The death knell for last look?
November 2015

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The $150 million fine imposed on Barclays this week for abusing its last-look policy on clients' currency orders until as recently as three months ago signals another nail in the coffin for the controversial practice, say analysts.

Staley and Barclays: this time it’s different 
October 2015 What kept Jes Staley out of the Barclays job three years ago does not apply in 2015, but this time round his challenges could be even greater.

McFarlane loses patience with Jenkins and takes over at Barclays
July 2015
The only surprise about Wednesday's change at the top of Barclays is the speed at which the new chairman has chosen to take direct responsibility for meeting the considerable challenge of providing a decent return to shareholders.

Jenkins' downfall in quotes
July 2015
Euromoney's last in-depth interview with Antony Jenkins before he was fired revealed tensions at the top amid an existential crisis in the bank’s business model.

Barclays' identity crisis 
June 2015
One year on from its big restructuring announcement, Barclays is still struggling to convince that it has found the right model. Investment banking remains the sticking point. Senior executives in the division say they’ve pulled off a £100 billion restructuring and improved the client franchise. They want to invest for growth. But sceptics say that bull market conditions and accounting sleight of hand have flattered results and the investment bank needs to become even smaller and more focused. The instinct of chief executive Antony Jenkins may be to give the investment bank more time. Shareholders and the new chairman may not be so patient.

Barclays: FICC is reborn as Macro

Barclays
June 2015
As head of the macro products group inside Barclays’ investment bank since May 2014, Mike Bagguley, who had previously run foreign exchange and commodities before being asked to run the revamped FICC group, has been at the centre of the biggest changes.


Banking: Jenkins’ critical year at Barclays
June 2015
The Barclays CEO is stuck between a rock and a hard place in trying to reposition the bank. He may be running out of time to extricate himself.

FX rigging: Barclays feels the heat
May 2015
Barclays has suffered the biggest blow in the latest round of billion-dollar regulatory fines for rigging currency markets, with a penalty of almost $2.4 billion from five regulators, with the spotlight shifting to FX options.

Macaskill on markets: Moulds sets out to make Barclays dance again
January 2015
New COO Jonathan Moulds will bring a straightforward and sensible approach to the challenges facing Barclays. Will he end up pulling the strings more than CEO Antony Jenkins?

Three challenges facing Barclays’ new head of wealth
September 2014
Akshaya Bhargava, Barclays' new CEO for wealth and investment management, has his work cut out.

Macaskill on markets: Barclays retreat turns disorderly
August 2014

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The partial withdrawal by Barclays from investment banking is starting to look disorderly – more retreat from Moscow than Dunkirk-style retrenchment.

Investment banking: As Barclays cuts FICC, Deutsche invests
June 2014
Barclays cuts its investment bank in half; Deutsche raises equity to protect market share.

Barclays' Qatari capital-raising timeline
May 2014
A chronology of the controversial Barclays-Qatar courtship amid a UK investigation into the capital raising.

Barclays Wealth continues streamlining
May 2014
Barclays’ latest round of restructuring is hitting the investment banking business hard, but the future for the wealth management business might not be so bright either.

Barclays under Antony Jenkins is a mess in transition
March 2014
Some have dubbed Antony Jenkins' reign at Barclays a work in transition. To me, it is undoubtedly a mess in transition.