Tag Archives: Barclays

Barclays stops offering Kaspersky solution

Reported by | Updated: December 5, 2017

In a major decision, Barclays Bank said it is stopping offering free Kaspersky anti-virus products to new online banking customers in the wake of the UK government warning following an official UK government warning about any Russian software product being used in highly sensitive systems in the country. The bank has sent an email to […]

Barclays to close more branches in UK

Reported by | Updated: August 14, 2017

Barclays is planning to close dozens of branches across the UK, according to news reports. The bank has some 1300 branches in the country, the largest number among banks. The bank has been reducing the number of branches each year and intends to close some 30 branches in October and November, the reports said. Towns […]

Barclays to sell stake in African unit

Reported by | Updated: June 1, 2017

Barclays Bank is offloading a stake worth about £1.6 billion in its African business. The stock sale is part of CEO Jes Staley’s plan to streamline the bank and focus on Britain and the US. The bank is selling 22% stake in Barclays Africa. It has already secured approval from the South African government for […]

Barclays to sell Zimbabwe unit

Reported by | Updated: March 29, 2017

Barclays is proposing to sell its stake in its Zimbabwe unit to Malawi-based First Merchant Bank. The two entities are examining the modalities of a possible deal, they said. First Merchant Bank said it was in exclusive talks to buy out the 68% of Barclays Bank of Zimbabwe. Barclays too confirmed the talks. Barclays Bank […]

Barclays to offer degree course in banking

Reported by | Updated: March 6, 2017

Barclays is proposing to launch a degree-level program in banking. It will the first such offering by any banks in the UK. The program will allow participants to obtain a degree, or equivalent qualification, after they complete the one-year course. The candidates can also specialize in a range of areas of banking, including corporate, investment […]

Sir Ian Cheshire is chairman, Barclays-UK

Reported by | Updated: February 27, 2017

Barclays is expected to appoint Sir Ian Cheshire as chairman of its UK-based operations. News reports said the bank’s application in this regard has been approved by the UK banking regulator Prudential Regulation Authority (PRA). As chairman of Barclays UK, Sir Ian will oversee a business comprising the group’s high street branch network in Britain, […]

Barclays may locate European HQ to Dublin

Reported by | Updated: January 27, 2017

British bank Barclays has chosen Dublin, capital of the Republic of Ireland, as its headquarters post the Brexit, according to news reports. Dublin may act as the bank’s European headquarters so that it would not lose access to the Single Market, regardless of how the government’s negotiations turn out with EU officials. The reports also […]

Barclays sells its French retail biz

Reported by | Updated: December 14, 2016

Barclays is selling its retail, wealth management and life insurance business in France to private equity investor AnaCap Financial Partners. This completes the British bank’s exit from consumer-facing activities in continental Europe. The business constitutes 74 branches in France and about 1000 staff, who will be absorbed by AnaCap. Barclays said the sale would reduce […]

Barclays to introduce contactless system for cash withdrawal

Reported by | Updated: November 21, 2016

Barclays Bank is introducing a new service for its customers whereby they can withdraw as much as £100 in cash by tapping their smartphones on high-tech contactless cash machines. This will be the first time that customers are able to tap a phone against a cash-point to make withdrawals. The initiative, which is for use […]

Barclays launches Rise Accelerator, Mumbai

Reported by | Updated: October 18, 2016

Rise Accelerator, which has been set up by Barclays and managed by Zone Startups, has announced its first cohort comprising 10 fintech startups. It will provide the selected startups with access to Barclays technology, insight and expertise, as well as offer dedicated access to onsite mentors and advisors, and enable access to international markets through […]

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