Banking giant Barclays has warned it may need to slash costs further this year as it revealed first quarter profits dropped 10%.
Shareholders in Barclays are being advised to vote down pay plans for top bosses after “inadequate” measures to dock chief executive Jes Staley’s pay following the whistleblowing scandal.
The activist investor who is pushing for a strategic shift at Barclays has hit back at the bank’s directors after they urged shareholders to oppose his appointment to the board.
Barclays bosses have opposed the appointment of activist investor Edward Bramson to the bank’s board, ahead of a meeting next month.
A former Barclays banker has been convicted of manipulating Euribor interest rates at the height of the financial crisis.
Barclays has embarked on a radical executive and organisational shake-up, with Tim Throsby, the boss of the investment banking division, quitting the lender as it battles an activist investor.
Barclays has announced a £14 billion lending fund to help small businesses cope with Brexit.
A ground-breaking sponsorship deal for women’s football could mark the start of “three huge years” in the development of the sport, according to the Football Association’s Kelly Simmons.
Barclays boss Jes Staley will meet face-to-face with Edward Bramson next week, when the activist investor is expected to further elaborate on his vision for the banking giant.
Banks and building societies are being hit by more than one IT or security failure that potentially stops customers making payments every day, a Which? Money investigation has found.