Barclays

Some of private credit's biggest lenders argue such trading would undermine this advantage by forcing them to constantly value the assets on a marked-to-market basis, rather than at their discretion, inviting volatility.

The bank didn't unveil any new climate commitments, but mapped out the changes it sees as necessary to decarbonize the heavy-emitting industries it still finances.

Barclays has redesigned the Cambridge Eagle Lab to focus on companies that develop sustainable and other environmentally focused technology, Vodafone expanded its partnership with global fintech MoneyHub to offer its financial wellness app, and more in this week's global news roundup.

Now that leveraged loan markets have calmed down — and interest rate cuts are on the horizon — investment banks want to get some of the business back.

The majority of those affected are in support functions, reflecting the removal of management layers and improved technology and automation capabilities, the company says.

Britons are pulling more and more cash from bank accounts that don't pay enough interest. It's beginning to hit the U.K.'s biggest lenders where it hurts.

Former Barclays boss Jes Staley has been banned from the U.K. financial services industry after "recklessly" misleading regulators and the bank about his relationship with the late financier and sex offender Jeffrey Epstein.

UBS Group AG poached nearly a dozen of the firm's top technology bankers, while others have left for Pickering Energy Partners and Jefferies Financial Group Inc.

C.S. Venkatakrishnan, the chief executive of Barclays, has a form of lymphoma and will undergo treatment for several months.

The U.K.'s Financial Conduct Authority plans to fine Barclays Plc £50 million ($55.8 million) for failing to disclose arrangements with Qatar during the bank's capital-raising in the middle of the 2008 financial crisis.

As Mastercard Installments nears launch, the card network is lining up tech partners to connect issuers to its buy now/pay later ecosystem.

The M&A surge promises to improve the services fintechs offer to many banks. But it's also creating a new class of full-service competitors.

The bank has agreed to act as a payment agent for the card brand's Track BPS to sign up participating businesses in the U.K. and Europe.

Barclays US, which offers a range of cobranded credit cards targeting middle-income consumers, is adding a buy now/pay later option for its merchant partners.

The nine-year-old service predates the payments-oriented fintechs that have become popular in recent years.

Gap and Synchrony Financial are parting ways after they couldn’t reach an agreement to renew their longstanding card partnership.

Spurred by the coronavirus pandemic, 88.6% of Barclaycard in-store transactions were made using contactless technology last year, up from 86.4% in 2019, an increase of about 2.5%.

In a bid to fuel online sales, Barclaycard is partnering with Amazon in Germany to offer installment lending to overcome the country’s low credit card ownership rates.

Swift is working with more than 20 banks in its network to test a service designed to help consumers and small and medium-size companies send low-value cross-border payments with the same speed and transparency benefits larger banks enjoy on Swift rails.

Eight of the top 15 firms increased headcount this year through June, while only four reduced it.