Prabhpreet Singh

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Barclays and Deloitte criticised for the way they do business in Africa

Ideas about what constitutes corporate responsibility are changing quickly. It is clear that being considered a good corporate citizen is now about much more than philanthropy alone.<p>Businesses are increasingly challenged, and judged, on the way they run their operations, the strategic decisions …

Barclays boss admits it could take 10 years to rebuild public trust

It could take a decade for Barclays to win back the public's trust, the bank's chief executive has admitted.<p>Antony Jenkins said the series of scandals that have rocked the banking system, including the mis-selling of payment protection insurance and Libor fixing, had damaged the bank's reputation …

Barclays 'using shares to get round EU bonus cap'

Barclays is expected to hand its top directors additional shares as part of a revamped scheme to sidestep the European Union's cap on bankers' bonuses.<p>Senior executives are likely to receive shares, alongside their salaries and benefits, under a scheme being revised following shareholder …

Barclays analysts: Don\’t get fooled by gold again

Barclays considering closure of a quarter of its high street branches

Fresh fears of job cuts in the banking industry were raised on Tuesday night after it emerged Barclays could close a quarter of its high street branches in coming years.<p>As Lloyds Banking Group axed half of the relationship managers handling queries from small businesses as part of more than 1,300 …

Barclays reveals further £330m charge for legal and regulatory costs

Barclays is facing an extra £330m in costs for legal and regulatory bills, the bank announced on Wednesday, as it confirmed that its branch network faces an overhaul in the coming years.<p>In an unscheduled announcement to the stock exchange, Barclays revealed the latest charge for "litigation and …

Barclays slips on news of extra charges, as FTSE falls on emerging market risks

As markets lose their early gains and head sharply south, it is not the best time for a bank to unveil extra costs and charges of £330m.<p>So <b>Barclays</b>, the bank in question, is unsurprisingly down 3.65p at 269.65p. In an unexpected statement, responding to recent reports it would announce 400 branch …

Barclays blasted over 'catastrophic' theft of thousands of customer files

Barclays is under scrutiny by regulators and could face a hefty fine after thousands of confidential customer files were stolen in a data breach described as catastrophic by an adviser to the business secretary, Vince Cable.<p>The files, containing details on 2,000 individuals including their names, …

UPDATE 1-Barclays launches investigation after customer data leak

By Sarah Young<p>LONDON, Feb 9 (Reuters) - Barclays said it had launched an investigation after a newspaper reported that the personal details of 27,000 customers had been stolen and sold, raising the prospect of new fines for the bank.<p>Confidential information on customers’ earnings and health as well …

Barclays report exposes £1.8bn drop in profits as figures exposed early

Antony Jenkins, the boss of Barclays, is expected to set out eight new benchmarks on Tuesday by which the bank's future performance will be measured as he faces controversy over awarding bonuses to staff despite a fall in profits.<p>In a move which confused the City on Monday, the bank released …

Barclays condemned over £2.4bn bonuses

Barclays faced condemnation on Tuesday after announcing a 10% rise in bonus payouts despite a dramatic fall in profits and plans to cut 12,000 jobs this year.<p>The bank's new boss, Antony Jenkins, came under intense pressure after being accused of failing on promises made only a year ago to clamp …

Labour Pushes for Banker Bonus Tax Scheme on Barclays 2013 Results

Britain's opposition has used Barclays' bump in banker pay rewards to promote its tax on bonuses scheme.<p>Labour's Shadow Financial Secretary to the …

Barclays Shares Plunge on Profit Drop and 12,000 Job Cuts

The Barclays share price plunged in the midday trading session after the bank revealed a drop in profits and that it is axing 12,000 jobs to cut …

Antony Jenkins: Barclays Can Work with Scottish Independence

Barclays chief Antony Jenkins has said that the lender can survive and work in Scotland if the country votes "yes" for independence in the September …

Barclays Has Started Paying Some Bankers Based On How Well They Behave

It's a mixed bag, and now here's something else to consider.<p>Barclays will now start docking financial advisers in its Wealth & Investment Management division for bad behavior, says the Wall Street Journal.<p>Here's how it will work (from WSJ):<p>Barclays advisers will receive about half of their pay in …

Nils Pratley: Time running out for Barclays' new boy

The mystery in the tale of Barclays' latest bonus bonanza is that institutional shareholders are not screaming their complaints from the rooftops. Give it time. Many in the old-school investment camp – long-only London-based funds – are quietly seething about what they regard as a lost year at …

Former Barclays bankers charged over Libor allegations

Barclays,Libor,Citigroup,UBS,Interest rates,Royal Bank of Scotland,JP Morgan,HSBC,Bob Diamond,Deutsche Bank,Icap,Serious Fraud Office,Tullett Prebon,Banking,Business,UK news<p>The three men are the first former or existing Barclays staff named in criminal proceedings linked to interest rate fixing …