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Barclays PLC (BARC.L)

BARC.L on London Stock Exchange

193.70GBp
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Change (% chg)

0.70 (+0.36%)
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193.00
Open
194.50
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196.38
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193.52
Volume
41,933,816
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48,398,314
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220.18
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177.30

Latest Key Developments (Source: Significant Developments)

Barclays Appoints Todd Sandoz As Head Of Equities, Americas
Friday, 25 May 2018 

May 25 (Reuters) - Barclays PLC ::BARCLAYS APPOINTS TODD SANDOZ AS HEAD OF EQUITIES, AMERICAS.BARCLAYS - APPOINTMENT OF TODD SANDOZ AS HEAD OF EQUITIES, AMERICAS, BASED IN NEW YORK.  Full Article

Barclays Says SFO Charges Against Barclays, Barclays Bank Dismissed
Monday, 21 May 2018 

May 21 (Reuters) - Barclays PLC ::DISMISSAL OF SFO CHARGES AGAINST BARCLAYS PLC AND BARCLAYS BANK PLC.CROWN COURT DISMISSED ALL CHARGES BROUGHT BY SFO AGAINST BARCLAYS, BARCLAYS BANK REGARDING MATTERS WHICH AROSE ON CAPITAL RAISINGS IN 2008.SFO IS LIKELY TO SEEK TO RE-INSTATE THE CHARGES BY APPLYING TO A HIGH COURT JUDGE TO RE-COMMENCE PROCEEDINGS VIA A NEW INDICTMENT OF SAME CHARGES.FCA'S INVESTIGATION IN RELATION TO ADVISORY SERVICES AGREEMENTS HAS BEEN STAYED DUE TO SFO PROCEEDINGS.  Full Article

Barclays Chairman says whistleblower case sparked by external source
Tuesday, 1 May 2018 

May 1 (Reuters) - Barclays PLC ::BARCLAYS CHAIRMAN SAYS LETTER IN WHISTLEBLOWING CASE WAS A 'MALICIOUS LETTER' FROM AN EXTERNAL SOURCE.BARCLAYS CHAIRMAN SAYS IF LETTER HAD BEEN A WHISTLEBLOW FROM AN EMPLOYEE THE MATTER WOULD HAVE BEEN MUCH MORE SERIOUS.  Full Article

More than 95 pct of investors back Barclays CEO - Chairman
Tuesday, 1 May 2018 

May 1 (Reuters) - Barclays PLC ::BARCLAYS CHAIRMAN SAYS OVER 95 PERCENT OF SHAREHOLDERS STILL BELIEVE CHIEF EXECUTIVE JES STALEY IS FIT TO RUN THE BANK.  Full Article

Barclays Says FCA, PRA Propose CEO Staley Pays Fine
Friday, 20 Apr 2018 

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

UPDATE 3-CFTC orders JPMorgan to pay $65 mln to settle swap rate manipulation charge

WASHINGTON, June 18 JPMorgan Chase Bank NA will have to pay a $65 million civil penalty to settle charges that it attempted manipulating ISDAfix benchmark swap rates between 2007 and 2012, the U.S. Commodities Futures Trading Commission said on Monday.