Banking Sector

Barclays registers 923 million pounds first quarter profit

Barclays registers 923 million pounds first quarter profit

Financial services major Barclays has reported 923 million pounds of pretax profit during the first quarter compared to 1.5 billion pounds pretax profit during the same period last year.

Troubled Co-op Group can take many years to stabilise

Troubled Co-op Group can take many years to stabilise

Beleaguered Co-op Group's members recently unanimously endorsed Paul Myners' proposed reforms, but the group's interim chief executive Richard Pennycook has warned that that it could take as many as five years to stabilise the mutual.

Boasting, indiscreet & vulgar comments aren’t OK: Colin Fan

Boasting, indiscreet & vulgar comments aren’t OK: Colin Fan

London-based investment banker Colin Fan has warned traders that making boastful, indiscreet and vulgar comments could have serious consequences for your career.

Scottish firms may shift bank accounts south of border: Deutsche Bank

Government should take steps to ensure a financially viable Scotland as there could be "capital flight" to the remaining UK if voters back independence, a leading investment bank has said.

Co-op Bank’s cash call to reduce Co-op Group’s stake

The Co-op Bank has just completed a £400 million cash call that will slash the Co-operative Group's stake in the bank and decrease the number of directors nominated by the distressed group on its board.

Barclays all set to announce sweeping restructuring plan

British lender Barclays Plc is all set to announce a sweeping restructuring plan that would likely cut thousands of jobs and shrink its investment arm.

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