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Barclays fined £42mn for failed money laundering checks

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s financial regulator has fined Barclays £42mn for failing to properly manage money laundering risks on two occasions. The Financial Conduct Authority on Wednesday said Barclays had been fined for “failings in its financial … Read more

Barclays names Anne Marie Darling, who retired from Goldman Sachs in 2024, as co-COO

Anne Marie Darling, one of several high-profile partners who exited Goldman Sachs last year, was named, along with Craig Bright, group co-COO for Barclays. Darling and Bright are replacing Alistair Currie, who is leaving the UK bank to pursue a board portfolio career. Darling and Bright will also serve as co-CEOs of Barclays execution services, … Read more

Barclays Bans Credit Card Crypto Buys Starting June 27th

Barclays is putting a stop to crypto purchases made with credit cards, and the change kicks in this Friday on June 27th. Customers will no longer be able to use their Barclays credit cards to buy digital assets like Bitcoin or Ethereum, either directly or through apps that offer crypto services. It’s a notable move … Read more

Banking giant Barclays to block all crypto transactions on credit cards over debt and fraud concerns

Key Takeaways Barclays has prohibited customers from using their cards for any crypto transactions. The move is a risk mitigation strategy and reflects Barclays’ cautious stance toward crypto-related activities. Share this article British banking giant Barclays will stop processing crypto transactions on its credit cards starting Friday, June 27, according to a notice published on … Read more

U.S. tariffs pose a ‘real challenge’ to Europe, Barclays CEO says

Barclays CEO C. S. Venkatakrishnan speak during the Barclays Sustainable Finance conference in New York City, U.S., March 19, 2024.  Brendan McDermid | Reuters Washington’s protectionist trade policies are posing a “real challenge” to European nations as they seek to raise their security contributions, according to Barclays CEO C. S. Venkatakrishnan. “I think Europe has … Read more

Barclays Q1 earnings 2025

British bank Barclays on Wednesday reported slight beats on the top and bottom line in the first quarter, boosted by stronger investment bank performance. Pre-tax profit came in at £2.7 billion ($3.6 billion), up 11% year-on-year and ahead of analyst expectations of £2.49 billion, according to LSEG. Group revenues hit £7.7 billion, above an analyst … Read more

Barclays’ private credit partner struggles to raise new funds

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Barclays’ private credit partner has struggled to attract fresh investment almost a year after it announced a tie-up with the bank, damping hopes the deal could provide the British lender with firepower to compete in … Read more

Ex Barclays CEO Jes Staley argues bank had ‘clear understanding’ of his Epstein ties

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The former CEO of Barclays Jes Staley will argue the bank had a “clear understanding” of the extent of his ties with Jeffrey Epstein when it sent a letter to regulators describing the relationship as … Read more

Barclays earnings Q4 2024

Chris Ratcliffe | Bloomberg | Getty Images Shares of British bank Barclays sank in early Thursday trade, after the lender eked out a full-year pre-tax profit beat and issued 2025 guidance in line with expectations. Pretax profit rose by 24% to £8.108 billion in 2024, just above an analyst forecast of £8.081 billion, according to … Read more

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