- January 25, 2024
Lloyds Bank is reportedly eliminating 1,600 jobs amid an increased focus on digital banking.
The British lender also plans to create 830 new jobs for its “relationship growth” team to understand customers’ financial aims and ...
- January 22, 2024
Investment banks are reportedly trying to win back leveraged finance deals from the private credit space.
Banks such as Goldman Sachs, Citi and Barclays are among the banks in talks with buyout firms about loans issued ...
- January 18, 2024
On-demand pay company DailyPay has secured $175 million in funding, resulting in a 75% increase in the company’s valuation to $1.75 billion.
This funding includes a $75 million equity round and ...
- January 8, 2024
Barclays reportedly laid off about 5,000 workers in 2023 as part of a cost-cutting campaign.
A spokesperson for the British bank told Reuters Monday (Jan. 8) that most of those cuts happened ...
- January 2, 2024
Analysts at Barclays are forecasting continued weak demand for Apple’s iPhone.
That forecast, and the downgrade that came with it, caused Apple’s stock to drop 3.6% Tuesday (Jan. 2), the largest one-day percentage drop in ...
- November 17, 2023
Barclays is reportedly considering the acquisition of Tesco’s banking operations.
Tesco, a British food retailer, has invited potential buyers to submit non-binding offers for Tesco Bank as part of its efforts to downsize ...
- October 25, 2023
Barclays is shrinking its U.S. consumer banking division as it looks to lower costs.
“We recently streamlined and simplified our U.S. Consumer Bank operating model, which has regrettably resulted in a ...
- October 25, 2023
It’s been nearly a year since seven banking giants helped Elon Musk buy Twitter.
Now, those lenders are dealing with the impact of that decision on their balance sheets, The Wall Street ...
- October 24, 2023
Goldman Sachs is appointing David Kamo as its global head of financial sponsor mergers and acquisitions (M&A).
Kamo’s new role will involve leading the bank’s efforts in working with clients such as private equity ...
- October 13, 2023
PNC Financial Group began staff reductions that will decrease its workforce by 4%.
The move is expected to reduce the company’s 2024 expenses by $325 million at a time when it ...
- October 11, 2023
J.P. Morgan Chase says it has marked a milestone with its tokenized collateral network (TCN).
The banking giant announced Wednesday (Oct. 10) that the network had facilitated its first collateral settlement for ...
- October 5, 2023
Barclays analysts reportedly believe that Meta Platforms, with its integration of artificial intelligence (AI) technology into its apps, is well-positioned for growth in the AI industry.
The investment firm has identified Meta as ...
- September 11, 2023
Barclays Plc plans to cut hundreds of jobs, following many other financial institutions that have done the same.
CEO C.S. Venkatakrishnan told CNBC Monday (Sept. 11) that these workforce plans are in line ...
- September 11, 2023
Microsoft-owned gaming platform Xbox is debuting its first co-branded credit card in the U.S.
The Barclays-issued Mastercard, announced Monday (Sept. 11), will be available on Sept. 21 exclusively to qualified Xbox Insiders across the ...
- September 4, 2023
British bank Barclays is reportedly considering selling part of its payments business.
The bank could sell a stake in its unit that processes merchant payments, Reuters reported Monday (Sept. 4), citing unnamed sources.
Barclays could ...
- August 21, 2023
The FinTech industry has experienced significant growth in recent years, but it is has not been immune to economic headwinds.
In fact, rising interest rates, high inflation, and lower consumer spending ...
- August 16, 2023
The United Kingdom has taken a significant step to bolster its position as a global FinTech investment hub by launching a £1 billion investment fund, announced Wednesday (Aug. 16) by ...
- July 12, 2023
The United Kingdom’s Supreme Court has reportedly ruled that customers are liable for fraud through their accounts when the bank carried out instructions expressly authorized by the customer.
The court ruled ...
- June 7, 2023
U.K. banking giant Barclays is reportedly considering major changes to its payments operations.
The bank has spoken with consultants to determine whether it should expand some of its payments businesses or merge them with other ...
- May 17, 2023
Berlin-based InsurTech wefox has raised $110 million to further strengthen its insurance and distribution business.
That total includes $55 million in a revolving credit facility from J.P. Morgan and Barclays, and $55 million ...
- May 15, 2023
Although TD Bank has capital on hand to make acquisitions, it reportedly won’t be able to make them in the United States.
A Barclays analyst said the regulatory challenges the bank faced when trying ...
- May 8, 2023
Barclays and TransferMate are collaborating on a new international receivables solution for U.K. businesses.
By leveraging TransferMate’s global payments infrastructure, the new solution will allow Barclays clients operating in British pounds ...
- March 29, 2023
Wall Street banks are reportedly interested in trading private credit loans.
JPMorgan Chase, Barclays and Goldman Sachs are among the companies that are in discussions with private debt funds about engaging ...
- March 2, 2023
Contactless card usage is firmly entrenched in the U.K. and goes as far back as 2007, when the popular OnePulse was launched.
In fact, recent data from Barclays, one of the ...
- February 22, 2023
In this report, PYMNTS takes a look at the 2022 full-year performance of the U.K.’s “Big Four” banks — Barclays, HSBC, Lloyds and NatWest.
Barclays
Barclays started 2023 on a rough note, ...
- February 15, 2023
British bank Barclays is apparently still suffering the cost of an $361 million administrative error.
The bank on Wednesday released a full-year earnings report showing a net profit of $7.2 billion, ...
- December 28, 2022
The U.K.’s largest mortgage lenders have agreed on measures to help struggling borrowers.
The new measures follow a meeting between the chancellor, Jeremy Hunt, and representatives of the country’s major mortgage ...
- December 19, 2022
The U.K.’s major banks have joined forces to protect consumers’ access to cash.
A new nonprofit company called Cash Access UK has been set up by the country’s main banks and ...
- December 2, 2022
The U.K.’s payments regulator has fined Barclays 8.4 million pounds ($10.26 million).
In a Thursday (Dec. 1) press release, the Payment Systems Regulator (PSR) said it imposed the fine in response ...
- November 14, 2022
FinTech company Mercury Financial is reportedly adding Barclays veteran Jason Whiting as chief financial officer (CFO).
Whiting has more than two decades’ experience at both Barclays and Lehman Brothers, most recently ...
- November 1, 2022
Due to interest rate hikes by the Bank of England (BoE) this year, all four of the largest U.K. banks — HSBC, Barclays, NatWest and Lloyds — have recorded a ...
- October 26, 2022
Illuminate Financial, the London-based venture capital firm which specializes in FinTech investments, has announced an expansion of its partnership with Barclays.
Under the agreement, Barclays will become a limited partner in ...
- August 18, 2022
The latest iteration of PYMNTS’ Provider Ranking of Credit Card Apps shows that while some things change, some things remain the same.
As to what’s changed, last month, we saw a ...
- August 1, 2022
It’s earnings season for the U.K.’s “Big Four” banks — Barclays, HSBC, Lloyds and NatWest — and despite taking a stock market beating at the beginning of March and mounting ...
- July 25, 2022
In today’s top news from Europe, the Middle East and Africa (EMEA), financial institutions (FIs) in several countries have begun to launch information-sharing platforms in an effort to better spot ...
- July 24, 2022
Barclays is reportedly buying a stake in crypto company Copper, which counts former U.K. Chancellor of the Exchequer Philip Hammond as an investor.
According to unnamed sources, the lender will be ...
- July 5, 2022
Authorized push payments (APP) fraud in the U.K. amounted to £583 million ($706 million) last year as financial fraud in the country increased 39% from the previous year.
APP fraud is ...
- July 1, 2022
Buy now, pay later (BNPL) firm Klarna is preparing to raise new funds in a weak environment, a move that has reduced its valuation to roughly $6.5 billion, the Wall Street Journal reported Friday (July ...
- June 23, 2022
In today’s FinTech news, Pine Labs in Noida, India, is acquiring Setu in Bengaluru, India, to grow Pine Labs’ offering of digital payments and lending products. Plus, Singapore is rolling ...
- June 23, 2022
Klarna is disputing new research into the buy now, pay later (BNPL) industry published by Barclays with debt charity StepChange that warns of the many people who could fall into ...
