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United Kingdom

Barclays PLC (BARC.L)

BARC.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Barclays Says FCA, PRA Propose CEO Staley Pays Fine
7:00am BST 

April 20 (Reuters) - Barclays PLC ::FCA AND PRA CONCLUDE INVESTIGATIONS INTO JES STALEY AND BARCLAYS.FCA PRA NOT ALLEGING STALEY LACKS FITNESS AND PROPRIETY TO CONTINUE TO PERFORM HIS ROLE AS GROUP CHIEF EXECUTIVE OFFICER.FCA AND PRA HAVE RECENTLY ISSUED CONFIDENTIAL DRAFT WARNING NOTICES SETTING OUT THEIR REASONS FOR PROPOSING ENFORCEMENT ACTIONS.FCA AND PRA ARE ALLEGING THAT MR STALEY'S ACTIONS IN RELATION TO THIS MATTER REPRESENTED A BREACH OF INDIVIDUAL CONDUCT RULE.FCA AND PRA HAVE PROPOSED THAT HE PAY A FINANCIAL PENALTY.FCA AND PRA ARE NOT ALLEGING THAT STALEY ACTED WITH A LACK OF INTEGRITY.STALEY NOW HAS A PERIOD DURING WHICH HE MAY REVIEW DRAFT WARNING NOTICES AND MAKE REPRESENTATIONS TO THESE AUTHORITIES IN RELATION TO THEIR CONTENT.BARCLAYS IS NOT IN A POSITION TO COMMENT FURTHER ON DRAFT WARNING NOTICES, ANY DISCUSSIONS WITH FCA AND PRA OR TIMING OF FINAL OUTCOME OF THIS MATTER.BARCLAYS BOARD CONTINUES TO BE SATISFIED WITH ITS CONCLUSIONS AS SET OUT IN APRIL 2017 ANNOUNCEMENT.BOARD CONTINUES TO HAVE UNANIMOUS CONFIDENCE IN MR STALEY AND CONTINUES TO RECOMMEND HIS RE-ELECTION AS A DIRECTOR AT BARCLAYS AGM.BARCLAYS BOARD WILL DETERMINE WHAT ADJUSTMENT TO MR STALEY' S COMPENSATION IS APPROPRIATE ONCE FCA AND PRA PROCESSES HAVE CONCLUDED.FCA AND PRA HAVE CONCLUDED THAT THEY WILL NOT TAKE ENFORCEMENT ACTION IN RESPECT OF THIS MATTER.  Full Article

‍Barclays Reaches $2 bln RMBS Settlement With United States Department Of Justice
Thursday, 29 Mar 2018 

March 29 (Reuters) - Barclays Plc ::‍BARCLAYS REACHES SETTLEMENT WITH UNITED STATES DEPARTMENT OF JUSTICE IN RELATION TO RESIDENTIAL MORTGAGE-BACKED SECURITIES.‍UNDER TERMS OF SETTLEMENT, BARCLAYS HAS AGREED TO PAY A CIVIL MONETARY PENALTY OF $2,000 MILLION (£1,420 MILLION), WHICH WILL BE RECOGNISED IN Q1 2018.​.‍THIS WILL RESULT IN A PRO FORMA NEGATIVE IMPACT ON 31 DECEMBER 2017 COMMON EQUITY TIER 1 RATIO OF APPROXIMATELY 45 BASIS POINTS.​.‍SETTLEMENT RESOLVES ALL ACTUAL AND POTENTIAL CIVIL CLAIMS BY DOJ RELATING TO BARCLAYS' SECURITISATION, UNDERWRITING AND SALE OF MORTGAGE- BACKED SECURITIES IN PERIOD 2005-2007.​.‍JES STALEY, BARCLAYS CEO, COMMENTED: "I AM PLEASED THAT WE HAVE BEEN ABLE TO REACH A FAIR AND PROPORTIONATE SETTLEMENT WITH DEPARTMENT OF JUSTICE. IT HAS BEEN A PRIORITY FOR THIS MANAGEMENT TEAM FROM START TO RESOLVE THESE HISTORIC ISSUES IN A TIMELY AND APPROPRIATE MANNER WHEREVER POSSIBLE.​.‍COMPLETION OF OUR RESTRUCTURING IN 2017, AND PUTTING SIGNIFICANT LEGACY MATTERS LIKE THIS ONE BEHIND US, MEAN BARCLAYS IS WELL POSITIONED TO PRODUCE STRONGER EARNINGS GOING FORWARD, AND TO START RETURNING A GREATER PROPORTION OF THOSE EARNINGS TO OUR SHAREHOLDERS OVER TIME.​.​.  Full Article

Barclays Says Expects 1 Bln Pound Charge On Pretax Profit From U.S. Tax Reform ​
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Barclays Plc ::‍NOTES TAX CUTS AND JOBS ACT ENACTED ON 22 DECEMBER 2017, REDUCING STATUTORY RATE OF US FEDERAL CORPORATE INCOME TAX TO 21%​.‍EXPECTS MEASUREMENT OF ITS US DEFERRED TAX ASSETS TO REDUCE BY C.£1BN AS A RESULT OF REDUCED TAX RATE​.‍EXPECTS NET OF A C.£0.3BN INCREASE TO US DTAS, UNRELATED TO ACT, DUE TO A REVALUATION OF BARCLAYS BANK PLC'S US BRANCH DTAS​.‍AGGREGATE REDUCTION IN MEASUREMENT OF US DTAS IS EXPECTED TO RESULT IN AN ASSOCIATED ONE-OFF CHARGE OF C.£1BN TO GROUP PROFIT AFTER TAX​.BARCLAYS - REDUCTION IN MEASUREMENT OF US DTAS IS EXPECTED TO RESULT C.20 BASIS POINT REDUCTION TO GROUP CET1 RATIO, DECREASE OF C.6 PENCE TO TNAV/SHARE​.‍REDUCTION IN STATUTORY US FEDERAL RATE IS EXPECTED TO POSITIVELY IMPACT BARCLAYS' FUTURE US AFTER TAX EARNINGS​.BARCLAYS- ‍ULTIMATE IMPACT IS SUBJECT TO EFFECT OF OTHER COMPLEX PROVISIONS IN ACT WHICH BARCLAYS IS CURRENTLY REVIEWING​.‍CURRENTLY NOT POSSIBLE TO RELIABLY ESTIMATE WHETHER BEAT WILL APPLY AND IF SO, HOW IT WOULD IMPACT BARCLAYS​.  Full Article

Barclays Bank Updates on Proposed Structural Changes to Barclays Group Due To Ring-Fencing​‍
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Barclays Plc ::BARCLAYS BANK PLC [RIC:RIC:BARCR.UL] - ‍PROPOSED CHANGES TO STRUCTURE OF BARCLAYS GROUP DUE TO RING-FENCING​‍.TWO ENTITIES WILL OPERATE ALONGSIDE, BUT INDEPENDENTLY FROM, ONE ANOTHER AS PART OF BARCLAYS GROUP UNDER BARCLAYS PLC​.‍INTENDS TO SATISFY REQUIREMENT BY SETTING UP A RING-FENCED BANK, BARCLAYS BANK UK PLC, WHICH WILL BE SEPARATE FROM BARCLAYS BANK PLC.EXPECTS TO IMPLEMENT RESTRUCTURING, ESTABLISH RING-FENCED BANK IN APRIL, AHEAD OF JAN 1 LEGISLATIVE DEADLINE FOR IMPLEMENTATION OF RING-FENCING​.‍HEARING IS SCHEDULED IN NOVEMBER 2017 FOR COURT TO INITIATE PROCESS TO CONSIDER AND APPROVE SCHEME​.‍SECURED FUNDING PROGRAMMES ​OF BARCLAYS BANK WHICH RELATE TO ASSETS TRANSFERRING TO RING-FENCED BANK WILL TRANSFER TO BARCLAYS BANK UK.‍FINAL COMPOSITION OF ASSETS,LIABILITIES WHICH ARE TO REMAIN IN BARCLAYS BANK MAY DIFFER FROM BARCLAYS' CURRENT EXPECTATIONS​.‍FOLLOWING TRANSFERS OF ASSETS & LIABILITIES TO BARCLAYS BANK UK, BARCLAYS BANK WILL DISTRIBUTE TO BARCLAYS EQUITY OWNERSHIP OF BARCLAYS BANK UK​.  Full Article

Barclays To Cut Stake In Barclays Africa To 14.9 Pct
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Barclays Plc ::‍REDUCTION OF BARCLAYS' SHAREHOLDING IN BARCLAYS AFRICA GROUP LIMITED​.‍TOTAL SHAREHOLDING IN BAGL FOR REGULATORY REPORTING PURPOSES WILL REDUCE FROM 21.9% TO 14.9%​.‍SETTLEMENT OF TRANSFER IS EXPECTED TO OCCUR ON 5 DECEMBER 2017​.  Full Article

Barclays Plc Names ‍Mike Turner As A Non-Executive Director ​
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Barclays Plc ::‍MIKE TURNER HAS BEEN APPOINTED AS A NON-EXECUTIVE DIRECTOR OF BARCLAYS; TURNER WILL TAKE UP HIS APPOINTMENT ON 1 JANUARY 2018​.  Full Article

Barclays Comments On Bank Of England Stress Test ​
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Barclays Plc ::BARCLAYS - MINIMUM STRESSED CET1 RATIO OVER PERIOD 2017-21 WAS 7.4%, WHICH EXCEEDED STRESS TEST HURDLE RATE OF 6.8%​.BARCLAYS PLC - ‍MINIMUM STRESSED CET1 RATIO OCCURRED IN 2018 OF TEST PERIOD, AND WAS BELOW SYSTEMIC REFERENCE POINT FOR THAT YEAR OF 7.9%​.BARCLAYS PLC - WAS NOT ASKED TO SUBMIT A REVISED CAPITAL PLAN BY BOE IN LIGHT OF STEPS ALREADY TAKEN DURING 2017 TO STRENGTHEN ITS CAPITAL POSITION​.  Full Article

Barclays Plc announces proposed changes to group structure
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - BARCLAYS PLC ::‍PROPOSED CHANGES TO STRUCTURE OF BARCLAYS GROUP DUE TO RING-FENCING​.‍TO SATISFY REQUIREMENT BY SETTING UP RING-FENCED BANK, BARCLAYS BANK UK PLC, SEPARATE FROM BARCLAYS BANK PLC​.TWO ENTITIES WILL OPERATE ALONGSIDE, BUT INDEPENDENTLY FROM, ONE ANOTHER AS PART OF BARCLAYS GROUP UNDER BARCLAYS PLC​.  Full Article

Barclays CEO says no need to shift jobs out of Britain on Brexit
Wednesday, 10 May 2017 

May 10 (Reuters) - Barclays Plc :Chairman says can see time coming when we will have capital strength and earnings performance to raise dividend.Ceo staley says i made a mistake in becoming involved in an issue which i should have left to business to deal with.Barclays ceo says sees passporting into eu as 'wholly manageable challenge'.We do not currently see a need in our options to shift british jobs or significant operations elsewhere..If we require a build-up of capability in another european union jurisdiction as part of our plans then we can do so, and we will..We are on track for our exit from africa.Barclays' capital position has never been stronger..Determined to get dividend up to level shareholders deserve at earliest opportunity.  Full Article

Barclays Bank - iPath MSCI India Index ETN to be subject to regulations issued by SEBI
Friday, 7 Oct 2016 

Barclays Bank Plc [BARCR.UL] : SEBI regulations and circulars include requirements that cannot be complied with in context of etns . Currently considering steps to comply with SEBI decision by December 31, 2020 and will make a further announcement in due course . Barclays announces impact of Indian regulations on iPath MSCI India Index ETN . IPath MSCI India Index ETN to be subject to regulations issued by SEBI on offshore derivative instruments linked to Indian equity securities . SEBI has advised Barclays not to issue additional ETN and that positions being held in etn may only continue until December 31, 2020 .Steps being considered by Co may result in ETNs ceasing to be listed and publicly traded.  Full Article

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HBOS whistleblower says Barclays case tells others 'don't bother'

LONDON British whistleblowers will be less likely to speak out, now that the chief executive of Barclays has been allowed to keep his job after trying to unmask an informant at the bank, another whistleblower and the head of a support group said on Friday.