Barclay's leveraged finance practices come under scrutiny as the Prudential Regulation Authority mandates a thorough review, part of a UK-wide initiative to bolster oversight of private equity risks.
Goldman Sachs reportedly considers transferring its General Motors credit-card program to Barclays, signaling a significant shift away from consumer lending. With Barclays emerging as the frontrunner, the potential $2 billion deal could reshape the credit landscape by summer.
European and US futures are trading lower on the second last day of the week as traders and investors digest the current earnings’ season while keeping a close eye on the economic data, which is very much not going to shape the monetary policy of central banks, but it could also provide a massive tailwind for the equity markets in the US and in Europe, which they desperately need.
Group Financial Targets and Outlook: 2024 • Returns: targeting RoTE of greater than 10% and c.10.5% excluding inorganic activity • Income: targeting Barclays Group NII excluding IB and Head Office of
UBS Group AG plans to open a Menlo Park office, hiring Barclays' Sean Lynch for tech advisory amid Silicon Valley expansion, coinciding with industry's dealmaking resurgence.
Barclays PLC shares surge after reporting Q4 FY23 results. Total income falls 3%, attributable loss of £0.1B, announces share buyback of £1B, predicts RoTE >10% in 2024.