Barclays

India Inc bonds resilient amid record trade costs from US tariffs: Barclays

Barclays says Indian corporates will face margin compression but remain supported by strong leverage, liquidity and domestic demand as US tariffs hit $55 bn exports

Last-minute twist in xAI deal brings Barclays, MUFG, and UBS on board

Barclays Plc, Mitsubishi UFJ Financial Group Inc. and UBS Group AG were added to the recent bond and loan sale for Elon Musk's artificial intelligence startup

Brokerages analyse US tariffs impact on economies, sectors and markets

Analysts at Barclays, meanwhile, estimate that nearly $22 billion worth of India's exports (30 per cent of exports to the US and 5 per cent of total goods exports) are most at risk

Barclays boosts India operations with Rs 2,300 crore capital infusion

British lender Barclays on Tuesday announced a Rs 2,300-crore capital infusion into India operations. The infusion by the head office into Barclays Bank PLC India must be seen as a reaffirmation of its long-term commitment to one of the world's fastest-growing economies, as per a statement. The infusion will strengthen the bank's balance sheet and help grow its businesses across the investment and private banks, it said. It will enable the bank to expand its reach to a wider client base across corporate and financial sponsor clients and ultra-high-net-worth individuals in India, the statement added. The bank last injected Rs 3,000 crore in 2021, and the latest investment takes the bank's total invested capital to over Rs 12,400 crore. "India's economic potential continues to present attractive opportunities for Barclays to grow its business," its interim head of markets for Asia Pacific and country chief executive for India Jaideep Khanna said. The bank has been present in the co

Budget must give tax cuts for individuals to boost consumption: Barclays

The government in FY26 Budget should announce an "effective" personal income tax cut to support consumption and demand, Barclays said on Thursday. In its FY25-26 Union Budget preview, Barclays said the key ask from the Budget, to be presented on February 1, is to support growth while adhering to fiscal consolidation path. Barclays, India Chief Economist, Aastha Gudwani said in a quest to support consumption, the finance minister should provide an effective personal income tax rate cut by further tweaking the tax slabs. This is unlikely to have a sizable fiscal cost. "That said, improved tax buoyancy will likely make up for revenue foregone under this announcement. We think a boost to consumption is needed, especially with private investment also now awaiting the increase in demand growth," Gudwani said. Barclays expects Finance Minister Nirmala Sitharaman to announce changes to the new tax regime, making it lucrative for more and more taxpayers. In the last Budget, the government

Apple may replace Goldman with Barclays, Synchrony for credit card deal

Negotiations between Apple and Barclays have been ongoing for several months, but it may still take months to strike a deal

Barclays Bank's sustainability chief Barlow exits in latest reshuffle

Barlow, who was responsible for leading Barclays' efforts to align with world's goal of limiting climate change, retired at the end of 2024 to pursue a portfolio career

Barclays fires 15 bankers, denies bonuses ahead of holidays; faces flak

The 15 professionals were among 50 employees let go last month by the UK-based bank, sparking legal threats as employees claim bonuses should be paid for work done

Stable govt, GDP growth to help India get FPIs: Barclays' Prez Dainton

India has a demographic advantage and substantial growth and a political system that is relatively calm and consistent, Stephen Dainton, President of Barclays Bank PLC said

When will new RBI governor Sanjay Malhotra cut rates? Brokerages weigh in

Here's how leading brokerages have interpreted the development, and their expectations from Sanjay Malhotra as regards key rates and maintaining a balance between growth and inflation

Barclays reaches $19.5 mn settlement over $17.7 bn debt sale blunder

A preliminary settlement of the proposed class action was filed on Tuesday in Manhattan federal court

Japanese banks stick with Adani while Jefferies, Barclays review ties

Japanese support shows the divide among finance firms over Adani after he and others were charged with plotting a $250 million scheme to bribe India government officials to win solar energy contracts

UK regulator fines Barclays $51 mn after it drops Qatar dealings appeal

The interests of the bank, its shareholders and other stakeholders were best served by the withdrawal, Barclays said, adding that there was no material financial impact from the fine

Barclays profit jumps 18%, British bank reports pre-tax profit in Q3

The British bank's pretax profit for the July-September period was 2.2 billion pounds ($2.85 billion), up from 1.9 billion a year ago and higher than the average of analysts' forecasts of 2 billion

UK's Barclays to sell German consumer finance business to Austrian bank

The sale of the Hamburg-based Barclays unit to BAWAG will give the Austrian bank the ability to expand its loan book and customer base in the region

Goldman Sachs in talks to transfer GM credit card partnership to Barclays

Goldman Sachs had planned to scrap its co-branded credit cards with GM last November

Barclays Q1 profit falls 12% as mortgage competition, deals drought hit

Total income in its investment bank fell 7 per cent, shy of expectations, as a strong performance in equities was more than offset by lower fixed income trading performance and weaker merger advisory

Microsoft-backed cybersecurity firm Rubrik aims to raise $713 mn in IPO

Goldman Sachs, Barclays, Citigroup, and Wells Fargo are the lead underwriters for Rubrik's IPO

Barclays agrees to sell $1.1 billion of US credit card debt to Blackstone

Barclays said the agreement reflected its recently-announced strategy to prioritise growing lending to consumers, and would reduce the bank's risk weighted assets by around 1 billion pounds

Barclays focuses on Britain; cost cuts, buybacks to win over investors

The bank's first strategy update in almost a decade marks an inflection point for Venkat as he tries to improve returns after a period of management turmoil and underwhelming results