Saturday 19 April 2014
 
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Barclays

Barclays to sell UAE retail ops to ADIB

Barclays has agreed to sell its retail banking operations in the United Arab Emirates to Abu Dhabi Islamic Bank (ADIB), ADIB said on Sunday. ADIB, the emirate's largest sharia-compliant lender, said the acquisition was expecte

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Barclays 'to cut thousands of jobs'

Barclays is planning to axe thousands of jobs in a radical shakeup of its investment banking division and may replace the European and US heads of the unit, the Financial Times reported, citing sources. The job cuts are expected t

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Barclays to cut 12,000 jobs; but bonuses up

Barclays said it would axe up to 12,000 jobs this year even as it raised bonuses for investment bankers, prompting fury among politicians and unions who said it had not learned the lessons of the financial crisis. Britain's th

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Baclays cuts 400 jobs in corporate banking

Barclays is cutting 400 jobs from its corporate banking division, adding to the similar number of people axed by its investment bank this week as Chief Executive Antony Jenkins wields a cost-cutting knife. The bank cut 3,700 jobs

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Innovation ‘vital’ in cash management

Technological advancement and innovation is vital in achieving treasury/cash management goals, said 55 per cent of clients who took part in a major survey conducted by Barclays, a global provider of financial services. Global orga

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Barclays boosts capital with $9.4bn issue

Barclays has completed its £5.8 billion ($9.4 billion) fundraising to meet a capital shortfall identified by its regulator, after almost 95 per cent of the British bank's investors stumped up more cash. Barclays launched

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Barclays to sell UAE retail bank after review

Barclays has decided to sell its retail banking operations in the United Arab Emirates after conducting a review of the business, the British lender said on Tuesday. The potential sale may impact up to 280 employees, a source fami

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Barclays 'mulls' potential sale of UAE retail business

Barclays is conducting a strategic review of its retail banking operations in the United Arab Emirates which could lead to a sale of the business, according to two sources familiar with the matter.   Britain'

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Barclays planning $7bn share sale

Barclays is planning to issue about 5 billion pounds ($7.7 billion) of new shares to help plug a 7 billion pound capital shortfall triggered by new UK regulatory demands, two sources familiar with the matter told Reuters. Barclays

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Barclays planning $7bn share sale

Barclays is planning to issue about 5 billion pounds ($7.7 billion) of new shares to help plug a 7 billion pound capital shortfall triggered by new UK regulatory demands, two sources familiar with the matter told Reuters. Barclays

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