Barclays

Barclays customers are experiencing further disruption as the bank's app suffered a new outage on Sunday 8 March, preventing fund transfers and payments. Reports of the problems surfaced around 7am, with a sharp increase in reported outages on Down Detector. Customers have complained of being unable

HM Revenue & Customs (HMRC) is set to replace Barclays with Bank of Scotland-owner Lloyds Banking Group in a significant government banking contract, ending a ten-year agreement. The move, worth £99 million to Lloyds, comes as HMRC awards a new £334m, 12-year contract to a consortium

Barclays CEO CS Venkatakrishnan has seen his pay more than double to £10.5 million, up from £4.6m in 2023. This substantial increase coincides with a 24% rise in the bank's annual pre-tax profits, reaching £8.1 billion. The profit surge was driven by a rebound in investment banking

Barclays has been fined £40 million by the Financial Conduct Authority (FCA) for failing to disclose payments made to Qatari investors during the 2008 financial crisis. The bank was due to challenge the FCA's decision in court but dropped the appeal at the last minute.

Barclays has exceeded profit forecasts for the third quarter of 2024, driven by strong performance in its investment banking division.

Barclays has become the new title sponsor for Scottish Women’s Football national leagues.

Barclays, in its first strategy update in a decade, has revealed plans to cut £2 billion in costs as part of a corporate shake-up aimed at boosting shareholder payouts by £10bn within the next three years.

Barclays UK has sealed a deal to acquire Edinburgh-headquartered Tesco Bank's retail banking business for an initial £600 million.

Two fifths (40 per cent) of Scottish corporate retailers opted to display festive themed goods earlier in the year, according to new findings from Barclays.

Scottish agriculture-feed manufacturer, Galloway and MacLeod, has expanded operations to five new overseas markets after receiving operational support from Barclays Corporate Banking.

Barclays has backed Apex Hotels' expansion strategy with a £60 million refinancing package, earmarked to help the hotel group broaden its portfolio through the acquisition of more properties, particularly in rural locations. As a part of this growth scheme, Apex Hotels recently made its first

Barclays has posted its half-year results, showing a 22% increase in pretax profit to £4.6 billion, for the six months ending 30 June 2023.

Moray West, a significant offshore wind farm development, has secured a £95.5 million loan from Barclays to support the next phase of the project’s construction as part of a wider syndicated £2 billion loan injection which closed in April 2023. Moray West is situated 22km off

Bank of Scotland owner Lloyds Banking Group and Barclays have announced the closure of 63 branches across the UK, 18 of which are located in Scotland.

More than half (55%) of Scottish small to medium-sized businesses (SMEs) expect revenues to increase this quarter, when compared to Q1 2023, according to the latest Barclays Business Barometer.