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Santander's IT Nightmare: Outage Leaves Customers Without Funds—Can You Claim Compensation?
Santander users are experiencing major challenges using their debit and credit cards, as well as transfering money. Downdetector reports that this is an ongoing, global issue.
Wall Street Sells £4.41B of X Loans as Investors Bet on Strong Financials, Advertisers Returning to Musk's Firm
X's improving 2024 EBITDA, major advertisers like Apple mulling a comeback to the platform, and Amazon ramping ad spending led investors to buy £4.41B of 2022 debt used by Musk to take over the social networking platform.
Furious Customers Slam Barclays For Leaving Brits Unable To Pay Bills And Buy Groceries
Barclays suffered a major IT outage, leaving customers stranded, unable to access funds, pay bills (including rent and taxes), or even buy food.
UK University Students Initiate 'Career Boycott' in Protest Against Barclay's Climate Policies
More than 220 students from Barclays' top recruitment universities won't work for Barclays unless they terminate all financing for oil and gas companies.
October UK Retail Sales Drop Triggering Recession Worry in the UK Economy
UK retail sales growth declined in October as UK consumers are cautious of spending and saving for Christmas amidst the cost-of-living crisis which has sparked a recession for the UK economy.
Microsoft to launch the Xbox Mastercard, its first-ever credit card in the US
The Xbox Mastercard will be exclusively available to US Xbox Insider Program members at launch.
Recent data reveals UK SMEs struggle to hire Gen Z workers
According to recent data by Barclays Bank, UK SMEs are facing difficulties in hiring Generation Z workers, with 66% struggling to attract this age group.
UK bank Barclays profits from rising interest rates
The Bank of England and its global counterparts have ramped up interest rates to tackle sky-high inflation.
Investors favor allocations to macro, credit funds
Investors such as pension funds and family offices plan to increase allocations to credit and global macro hedge funds in 2023, although their overall appetite for hedge funds is weaker this year, a survey by Barclays PLC showed on Friday.
Analysis: Competition hots up as British banks fight to keep earnings rising faster than costs
British banks face a tougher battle for mortgage customers and business borrowers in 2023, as rising costs and deposit rates paid to long-suffering savers threaten to outpace flatlining profit margins, senior industry executives and analysts said.
Investors call on five European banks to end new oil and gas finance
European banks risk jeopardising the path to net-zero carbon emissions and the growth of renewable energy unless they stop directly financing new oil and gas fields this year, investors managing assets worth more than $1.5 trillion said on Friday.
Barclays promotes mostly men to investment bank managing director
Barclays has promoted 85 people to managing director (MD) in its investment bank, it said on Thursday, with by far the majority of the coveted titles this year being taken by men.
Barclays beats forecast on trading boom, but bad loan charges rise
Barclays beat forecasts with a small rise in third-quarter profit on Wednesday lifted by a record performance in fixed income trading, but costs and loan charges crept higher in a sign of ongoing challenges.
Barclays latest global bank ensnared in U.S. 'Whatsapp' probes
Regulators require finance companies to keep a record of vast swathes of staff communications to deter and uncover infringements such as insider trading.
Barclays profit dented after $2 billion cost of blunder
Barclays' first-half profit fell more than expected due to a 1.9 billion pound ($2.3 billion) hit by regulatory missteps.
Exclusive: Barclays seeks entry into China's $4.3 tln asset management market - sources
Barclays is seeking a Chinese banking partner to set up an asset management joint venture in the country, two people with knowledge of the matter said, as part of British lender's plans to expand its footprint in the world's second-largest economy.
Exclusive-Barclays veteran trader Nat Tyce to leave bank - memo
Barclays Head of Macro Trading for EMEA and Asia Pacific, Nat Tyce, is leaving after more than 25 years, a staff memo seen by Reuters shows, after transforming the trading unit into one of the bank's highest-flying divisions.
Barclays Bank charged over 2008 Qatar fundraising
Barclays had already been charged for "unlawful financial assistance" in relation to the fundraising in July.
UBS, Barclays, Credit Suisse and Thomson Reuters explore Ethereum-based MiFID II solution
Barclays, Credit Suisse, KBC, SIX, Thomson Reuters and UBS collaborate using Microsoft Azure for MiFID II data reconciliation project using Ethereum smart contracts.
Barclays bank ends Kaspersky anti-virus product offer to online customers as a 'precaution'
Move follows warning by cybersecurity chiefs to government departments about Russian software.
UK House of Lords blockchain report highlights ISDA, DTCC and CLS
The report, 'Distributed Ledger Technologies for Public Good: leadership, collaboration and innovation' was released this week by Lord Holmes of Richmond.
Manchester and Birmingham top UK city house price list in October
House prices in Manchester rose 7.9% compared to a year earlier in October, while prices in Birmingham were up 7.3%.
Don't fall for this text scam posing as Barclays bank that could hijack your passwords
Barclays bank has warned customers about a rise in text-based phishing scams attempting to steal personal details, stressing it will never send out official links via SMS messages.
Cutting-edge tech in UK manufacturing 'could deliver £102bn benefit'
Barclays predicts adoption of new technologies like AI would lead to the creation of 101,000 jobs in the manufacturing sector over the next decade.
Barclays third-quarter profits fall short of analyst expectations
Profit before tax rises by nearly a third to £1.1bn between July and September, short of estimates for a profit of £1.4bn.
Deutsche Bank to pay $220m to settle Libor rate rigging probe
Settlement paid to 45 US states after investigation finds that Deutsche manipulated inter-bank lending rates.
Former Deutsche Bank MD Rhomaios Ram appointed as Utility Settlement Coin consortium executive
Ram spent more than 22 years at Deutsche, including spell as head of transaction banking for the UK and Ireland.
R3 and TradeIX develop open account trade finance DLT business network
Banks involved include Bangkok Bank, Barclays, BBVA, Bladex, BNP Paribas, Commerzbank, ING, RBS and Wells Fargo.
Utility Settlement Coin: A blockchain stepping stone to fiat digital currency
Six additional major banks have joined the Utility Settlement Coin project.
Barclays suffers £1.2bn loss following sale of African business
Banking giant books £2.5bn loss on sale of 33% in Barclays Africa Group and set aside £700m for PPI compensation.