Page 2 - Barclays

Barclays to buy most of Tesco's banking arm for nearly $757 million

Barclays will take on Tesco's existing banking operations in credit cards, loans and savings, adding 8.3 billion pounds of unsecured loans and around 6.7 billion pounds of deposits

HDFC Bank accepts bids worth $750 mn for dollar bond issuances: Bankers

Barclays, Bank of America, JP Morgan, MUFG and Standard Chartered are the joint global coordinators and lead managers

HDFC Bank appoints BoA, Barclays for likely dollar bond issue, say bankers

HDFC Bank's Regulation-S notes will be rated Baa3 by Moody's and BBB- by S&P

Barclays raises target on Europe's STOXX 600 to 510 from 485: Report

The new target represents a roughly 7 per cent upside from current levels

Barclays, Citi raise India's economic growth closer to 7% after GDP beat

Barclays Plc and Citigroup Inc. predict the economy will now expand 6.7% in the fiscal year ending in March, up from previous forecasts of 6.3% and 6.2%, respectively

Barclays working on $1.25 bn cost plan, could cut up to 2,000 jobs: Report

"This will be viewed as a net positive for investors, but we now need to see more detail on how long the benefits will take to appear," he said

Sensex at 86,000; Nifty at 21,800: How foreign brokerages see mkts in 2024

The upcoming general elections in April/May 2024 are expected to add volatility to the Indian markets, keeping investors on their toes

Asia largely spared from global job cuts, says Barclays CEO Venkatakrishnan

"It is a reduction in workforce generally speaking," CEO C.S. Venkatakrishnan said in a Bloomberg TV interview Thursday in Singapore"

Hindujas tap private credit, foreign banks for Reliance Capital buy

The Hinduja group had offered the shares of two insurance companies owned by Reliance Capital to raise funds and was in talks with Barclays, JP Morgan, Cerberus Capital Management and Apollo

Ex-Barclays Bank chief Staley banned from senior UK finance roles

Britain's financial regulator said on Thursday that it fined Barclay's former chief executive Jes Staley 1.8 million pounds (USD 2.2 million) and banned him from holding senior financial roles for misleading it over the nature of his relationship with the late sex offender Jeffrey Epstein. The Financial Conduct Authority said in a statement that Staley, a US citizen, had recklessly approved a letter sent by Barclays to the FCA, which claimed the bank's former boss did not have a close relationship with Epstein. But in email messages, Staley described Epstein as one of his deepest and most cherished friends, according to the regulator. A CEO needs to exercise sound judgement and set an example to staff at their firm," said Therese Chambers, joint executive director of enforcement and market oversight at the FCA. Staley failed to do this. We consider that he misled both the FCA and the Barclays board about the nature of his relationship with Epstein. As a result, Chambers said it is

Indian economy needs 8% growth to topple China as global driver: Barclays

The South Asian nation should focus investment in areas like mining, utilities, transport and storage - sectors that have stronger spillover effects on the broader economy, said Barclays economist

India needs to clock 8% to become biggest contributor to global growth

Barclays report says that while the debt overhang and worsening demographics will hinder China's growth

Top headlines: Adani's bankers at Barclays cautious, Chandy passes away

Business Standard brings you the latest headlines at this hour

Barclays and Yes Bank raise India's inflation forecast as prices jump

Surging prices of vegetables and pulses pushed up inflation to a three-month high of 4.81% last month, ending four months of moderation

India to be world's most significant new aircraft market: Barclays

With one of the highest traffic growth rates in the world, India is the focal market for the global aerospace and defence industry and the world's most significant new aircraft market, Barclays said in a report. India is currently the third largest aviation market in the world, only behind the US and China, in terms of domestic traffic. "The growing middle-class population with an increased propensity to travel stimulated by a government initiative through the UDAN Regional Connectivity Scheme has made India a key source of demand for new aircraft," the brokerage said. Indian carriers have the second-largest order book behind the US. India currently takes 7 per cent of all Boeing and Airbus deliveries, and the country is seen taking nearly that proportion over time as annual traffic growth is forecast to remain 200 bps above the long-term global average. "With important fleet decisions to make by IndiGo, Akasa Air, Jet Airways, the battle for market share is likely to continue. Any

Goldman Sachs joins Barclays in bet against Fed rate cuts this year

Positioning around policy pricing for this year has entered a key period this week, with April inflation gauges slated to be released Wednesday and Thursday

Adani Group gets financial support from three Japanese banks: Report

Adani Group companies are planning to execute large-scale projects across infrastructure and utility space, and need cash flows for these

Jefferies taps Barclays's Ashish Jhaveri to help build India M&A team

The hire is part of the US firm's ambition to build an M&A practice in India, where dealmaking has been relatively robust while the business elsewhere slowed to a crawl

Vedanta seeking $1 bn from global banks to refinance old debt, say sources

Is negotiating with Barclays, JP Morgan, StanChart; fresh fund raising comes within months of the firm having deleveraged its balance sheet by $2 bn

Enter the green age: The financial journey cannot be full of potholes

The details of the transition towards climate-change-related finance will require deft handling