C.S.Venkatakrishnan News

24.11 / 13:52

Provident Reuters Action Strategy reports Barclays could axe 2,000 jobs in $1.3B cost saving, says Reuters

Barclays Plc is working on plans to reduce costs by as much as £1 billion ($1.3 billion) over several years, which could involve slashing as many as 2,000 jobs, according to Reuters.

14.03 / 11:41

markets COST UPS Trade prevention Morning Coffee: Barclays is depending upon two men in New York to prevent £1.7bn of cost cuts. Evercore, like Goldman Sachs but better

Cathal Deasy, who's Irish by birth, may have an accent thatcan be a bit difficult to understand for Barclays bankers in New York, but they'll need to get used to lip-reading. The words of Deasy, and of Taylor Wright, his fellow co-head of investment banking at Barclays, are critical to Barclays' immediate future.

09.02 / 20:09

markets UPS Target Pool performer information No bonus for weakest performers at global investment bank

Barclays Plc is planning to hand dozens of the lowest performers within its investment bank no bonus at all, a move that threatens to complicate executives’ efforts to rebuild the advisory unit.

23.11 / 18:23

Target Reuters Booking CEO Strategy show reports Barclays working on cost plan, could cut up to 2000 jobs

Barclays is working on plans to save as much as £1 billion ($1.9 billion), which could involve cutting as many as 2000 jobs, mainly in the British bank’s back office, a person with direct knowledge of the proposals told Reuters.

24.10 / 08:09

COST CEO JPMorgan Strategy performer reports Barclays hints at big cost cuts as margin pressure intensifies

By Lawrence White and Iain Withers

04.10 / 10:37

Progressive COP economy show country gatherings Bankers, investors plan return to COP climate conference

The world’s top bankers and investors mostly stayed away from last year’s United Nations climate conference in the Egyptian resort town of Sharm El-Sheikh. But holding December’s COP28 meeting in Dubai, one of the world’s major financial centers, pretty much guarantees they’ll make a much bigger showing.

27.04 / 06:23

UPS Lowe's Target Reuters UBS Barclays posts 27% rise in net profit for the first quarter, beats expectations

LONDON — Barclays on Thursday reported net profit of £1.78 billion for the first quarter, beating expectations and coming in 27% higher year-on-year.

28.11 / 12:55

Barclays chief C.S. Venkatakrishnan diagnosed with non-Hodgkin lymphoma

Barclays chief executive C.S. Venkatakrishnan has been diagnosed with cancer. He will continue to run the bank while undergoing treatment.

23.02 / 10:35

CEO Barclays full-year net profit quadruples as corporate and investment bank booms

LONDON — Barclays on Wednesday reported a full-year net profit of £6.38 billion ($8.67 billion) for 2021, ahead of analyst expectations of £5.75 billion, as its corporate and investment banking division boomed.

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