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The Latest Breaking News from Barclays

Too slow and too secret? Pace of Staley investigation undermines trust

City watchdog’s investigation into former Barclays chief executive’s account of his relationship with Jeffrey Epstein needs resolution

The Guardian - UK

91% of card payments were contactless last year

Across all age groups, contactless users made an average of 220 “tap and go” transactions last year

Wales Online

Record 91.2% of eligible card transactions in 2022 were contactless – Barclays

Contactless users made an average of 220 such transactions last year and contactless use particularly increased among over-65s, according to Barclays.

The Independent UK

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read the most diverse news in one place.

Ex-Barclays boss accused of holding discussions with Jeffrey Epstein about photos of young women

US lawsuit claims Jes Staley received pictures of young women in seductive poses from the sex offender

The Guardian - UK

Who is Kate Forbes? The former minister who could replace Humza Yousaf

KATE Forbes could be a contender in the race to replace Humza Yousaf.

The National (Scotland)

Dow Jones Drops 200 Points On Strong Retail Sales; Tesla Reverses Lower Despite Buy Rating

The Dow Jones fell 200 points Wednesday on strong U.S. retail sales data. Tesla stock reversed lower even after a Barclays outperform rating.

Investors Business Daily

Barclays staff to share £1.2bn in bonuses despite drop in profits

The 15% fall in profits follows costs of US trading blunder and money being put aside for defaults by borrowers

The Guardian - UK

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Former Barclays boss Jes Staley gets £2.3m pay-off, fight with FCA over Epstein continues

Barclays profits slide on investment bank and litigation woes

Evening Standard

Fears betting shop in former Ashington bank could cause rise in crime and gambling

Boylesports want to open a betting shop in the old Barclays bank in Ashington

Chronicle Live

NatWest poised to report biggest profits since 2008 financial crisis

Expected hike in bonuses could also prove controversial given cost of living crisis and government’s stake

The Guardian - UK

Homesense, Wetherspoons, Halifax and Barclays to close Welsh branches soon

Branches are set to close across different parts of Wales

Wales Online

Bank profits poised to top £40 billion while UK economy struggles

Calls for windfall tax likely as bank profits hit record

Evening Standard

Growth Stock Surges On $20 Million BeatString Fraud Find, Analyst Upgrade

Growth stock DoubleVerify surges after detecting a $20 Million BeatString ad fraud. Barclays' analysts upgraded the stock to overweight.

Investors Business Daily

Bosses of major banks defend branch closures

In a Treasury Committee hearing they also denied relying on customer account switching inertia

Insider UK

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The Independent UK

Bosses of major banks defend branch closures to MPs

Chief executives from NatWest Group, Barclays UK, HSBC UK and Lloyds Banking Group appeared before the Treasury Committee.

Wales Online

Retailers endure disappointing January as consumers brace for further bill rises

Own-brand ranges remain popular across food and non-food products

The Independent UK

Retailers suffer disappointing January as consumers brace for more bill rises

Total UK retail sales increased by 4.2% in January, less than half the 11.9% rise seen a year earlier, according to the BRC-KPMG retail sales monitor.

Liverpool Echo

Full list of Barclays, Natwest, HSBC, Lloyds and Halifax bank branches closing in 2023

Several branches are closing in Merseyside

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news in one place.

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Daily Mirror

Activists gather to support 'Barclays 7' women who broke windows at bank’s headquarters

Climate activists want to draw attention to Barclays’ role as the UK and Europe’s largest fossil fuel investor – and their tactics were inspired by the suffragettes’ window smashing protests of 1911 and 1912

The Guardian - UK

Pursuing economic growth will kill us all in the end

Letters: I risked prison to stand up against an system that will lead to ecological and societal collapse – we must look for alternative economic models, writes Zoe Cohen

Fortune

How Wall Street’s fossil-fuel money pipeline undermines the fight to save the planet

Big banks and investment firms have joined the ranks of companies making "net-zero" pledges. But their huge stakes in oil and gas projects are undermining their climate promises.

Birmingham Post

Tech Nation to close down after losing £12m funding to Barclays

Among the businesses it has helped are Monzo Bank, Revolut, Bloom & Wild, Just Eat Ocado, Skyscanner and Deliveroo

The Guardian - UK

First Thing: Ron DeSantis prepares for 2024 White House run

Florida governor’s moves spur Trump to lash out at him during low-key events over the weekend in New Hampshire and South Carolina. Plus, Sarah Michelle Gellar makes a comeback

The Guardian - UK

Barclays and UBS face questions over Roman Abramovich’s billion-dollar trusts

Exclusive: Leak shows oligarch was a major client of Barclays in Monaco and UBS in Zurich, with at least $940m in assets held at the banks

Daily Record

Extinction Rebellion activists stage protest outside Barclays in Glasgow

The protesters gathered outside the bank and demanded an end to finance for the fossil fuel industry.

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