Of Special Interest
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- Newslink Trends-The Global Strategic Perspective
- Juniper Research says digital wallet users to exceed 4.4 billion by 2025, as mobile drives digital payments’ revolution
- Criminals exploit COVID-19 pandemic with rise in scams targeting victims online
- Equifax says Open Banking proving pivotal to pandemic lending
- Consumer confidence in banks, credit card providers and investments remain stable as demand supercharges digital finance says Toluna research
- Mintos says Europeans are starting to embrace investing
- US banks see IT modernisation as a way to improve customer experience
- Risk mitigation in global trade depends on digitisation-Andrew Raymond, CEO, Bolero International comments
- Juniper Research new study says the volume of B2B payments facilitated by non-banks will exceed 53 billion in 2022, from a COVID-related low of 38 billion in 2020
- CMA issues fifth publication over 3 years of the service quality league table of personal and business current account providers
- Barclays says scammers take advantage of COVID-19, cashing in on nations’ uncertainty
- S&P Global report says financial market infrastructure sector's earnings likely to cool off In second half
- Global banking market capitalisation slumps by over 30% amid pandemic says Buyshares research
- Digital wallet spend in Europe & North America to increase by 40% in 2019, finds study
- Juniper forecasts mobile money transactions will exceed 200 billion by 2024
- Banks can save the world from climate change, says former UN climate chief
- Research by NatWest reveals gender divide over attitudes to saving
- Europe’s big bank problem: too much capital is trapped in the US, says Scope
- Later-Life lending market set to almost double in the next 10 years, finds report
- Barclays/Cebr report challenges nation to think differently about wealth
- Fifth of UK investors looking to debt investment, new research reveals
- Regtech will play a more important role in PSD2, says Mitek
- Banks turn to Fintech partnerships to improve customer experience, finds Fraedom
- New industry code to tackle fraud must deliver, says Which?
- New TTF report highlights loss of trust in financial services
- Arxan highlights financial app vulnerability epidemic
- SAS asks whether banks really need to choose between operations and innovation
- Which? raises alarm as almost 1,700 free ATMs become fee-charging
- Financial wellness affects half of peoples’ mental or physical health, finds report
- Study finds traditional financial institutions embrace Fintech disruption
- Grass is greener for environmentally friendly businesses, finds Barclays
- Prospective homeowners would consider a 40-year mortgage to escape renting, finds Santander
- Millennials’ needs are changing the face of banking industry, says new report
- FS is putting consumer data at risk by failing to protect mobile apps, says Arxan
- A lack of belief in their ability holds 28% women back in work, says Cambridge & Counties
- ‘Which?’ reveals Scotland has lost over a third of its bank branches in eight years
- Next downturn unlikely to be as bad as 2008, according to S&P
- FCA reveals findings from first cryptoassets consumer research
- US consumers favour single mobile app for banking and payments
- Banks suffering major IT shutdowns every day, ‘Which?’ reveals
- The US will be a key offshore centre in 2019, says GlobalData
- Debit industry changes markedly in 10 years of the Debit Issuer Study
- UK's ‘Big Five’ face ‘too big to compete’ as small challengers secure stellar returns
- Banks as vulnerable now as before crash, says new study
- Leverage ratio a constant conundrum for European and US banks, says SNL
11th September 2012
No sudden changes made to Barclays Capital
The Barclays news conference ahead of the investors conference in New York was viewed as somewhat of a anti-climax by those attending. Some had expected some statement of significance despite, or because of, the very recent change in both CEO and chairman. CEO, Antony Jenkins' started out cautiously on the future of Barclays Capital stating that a strategic plan would be issued in 2013 Q1 and that “You should not expect me to announce the break-up of the bank or an exit from whole business lines.”
As time went on he expressed more positive views towards the unit, expressing a personal view stating, "I have and continue to be a supporter of Barclays universal banking model (..because)..Our portfolio of businesses provides diversity of risk, stability of earnings and lower funding costs."
Later he expressed the same view in stronger terms, "I absolutely believe that a premier investment banking franchise will be a part of ..(the future of the bank),"
Later when questioned on Barclays Capital he did mention that the bank should be 'more balanced' and 'lower risk' but refused to be drawn on what that meant in terms of Barclays Capital.
He spoke extensively about cultural reform within the bank talking of serious past mistakes, adding “Our ability to build a franchise over time depends on our reputation,”.
Rich Ricci, head of investment banking, was due to explain the framework of his own strategic review on Monday evening. One relatively painless way to reduce Barclays Capital would be to pull out of some its loss making / break even activity in Asia Pacific. Despite Monday's anti-climax there are a lot of investors believe that capital allocated to Barclays Capital will be gradually reigned back over time.