Barclays is set to acquire the UK business of GoHenry, a fintech company offering children's debit cards and money management apps, from Acorns. The deal aims to boost Barclays' presence in the youth banking market, particularly targeting affluent families, and is expected to complete next year.
SpaceX plans a record-breaking IPO, seeking $75 billion and a $1.75 trillion valuation. The offering includes unusual strategies like early price disclosure and increased individual investor participation, driven by Elon Musk's reputation.
Former JPMorgan Chase executive and ex-Barclays CEO Jes Staley has agreed to be interviewed by the House Oversight Committee on July 23 regarding his relationship with Jeffrey Epstein. The panel is investigating Epstein's ties to high-profile individuals.
Barclays raporuna göre, Çin'de 2035'e kadar 24 milyon insansı robot konuşlandırılabilir. Bu robotlar, ülkenin yaşayacağı nüfus azalmasının %60'ını telafi edebilir.
Barclays'e göre, Çin'in işgücü önümüzdeki on yılda 37 milyon kişi azalabilir. İnsansı robotlar, bu azalmanın %60'ını telafi edebilir ve 2035'e kadar 24 milyon robot konuşlandırılabilir.
Dip in credit card spending in April, particularly on travel, suggests Britons preparing for harder times amid Iran war falloutHouseholds cut back on their spending in April at the fastest pace in 16 months, as the conflict in the Middle East provoked fears of another cost of living crisis, a report from one of the UK’s biggest banks has suggested.Barclays, which processes nearly 40% of the UK’s credit and debit card transactions, said its data showed there had been a 0.1% fall in card spending last month compared with a year earlier. This was the first year-on-year fall since November 2024. Continue reading...
Dip in credit card spending in April, particularly on travel, suggests Britons preparing for harder times amid Iran war falloutHouseholds cut back on their spending in April at the fastest pace in 18 months, as the conflict in the Middle East provoked fears of another cost of living crisis, a report from one of the UK’s biggest banks has suggested.Barclays, which processes nearly 40% of the UK’s credit and debit card transactions, said its data showed there had been a 0.1% fall in card spending last month compared with a year earlier. This was the first year-on-year fall since November 2024. Continue reading...
Barclays stratejistleri, BofA'nın vadesi dolan dolar/TL carry trade pozisyonunu kapatmasının ardından liradaki uzun pozisyonların kapatılmasını tavsiye etti. 1 Mayıs tarihli raporda, petrol fiyatlarındaki artışın Türkiye'nin cari açığını genişletme ve para biriminin görünümünü zedeleme riskine işaret edildi.
The bank shouldn’t sound the all-clear, but two screw-ups doesn’t mean the current credit cycle will end in tearsBarclays cuts back risky lending after £228m hit from UK mortgage firm MFSBarclays boss CS Venkatakrishnan, having seen the bank hit in the space of six months by two high-profile blow-ups in the world of shadow banking, is pledging to take more care. “We are constraining lending to certain structured finance counterparties who operate more vulnerable business models and cannot convince us of the quality and independence of their financial controls,” he said.There’s an obvious response to that vow of greater vigilance: what were you doing previously? Wouldn’t it have been a good idea in the first place not to lend to high-risk outfits with unconvincing financial controls – for example those with large mortgage exposures but small audit firms? There was, in other words, a sense in the chief executive’s comments of stable doors being shut rather too late. Continue reading...
Barclays' profits rose, but loan losses weighed on its first-quarter results. At the same time, oil giant BP’s earnings jumped, largely driven by an exceptional oil trading boom linked to the Iran war.
Barclays is restricting lending to risky borrowers after taking a £228m hit from the collapse of mortgage lender Market Financial Solutions amid fraud allegations. The bank reported Q1 pre-tax profit of £2.8bn, up 3%, but credit impairment charges rose to £823m from £643m a year earlier. CEO CS Venkatakrishnan cited increasing fraud cases and the failure of three borrowers including Tricolor and First Brands, raising concerns about lending standards in the $2tn private credit industry.
HSBC, Barclays, Lloyds, NatWest and Santander will this week discuss with chancellor how to limit effects of conflict Middle East crisis – live updatesThe bosses of Britain’s “big five” retail banks have been summoned to a meeting with the chancellor, Rachel Reeves, this week to discuss how to limit the economic impact of the crisis in the Middle East triggered by the US and Israel’s attacks on Iran.The chief executives of HSBC, Barclays, Lloyds, NatWest and Santander have been asked to attend an emergency summit on Wednesday, amid increasing acceptance that a major economic hit from the Iran war is unavoidable. Continue reading...
Crypto majors are red while Gold nears $5,000 and Silver closes in on $100; BTC -1% at $89,100; ETH -2% at $2,925, SOL -2% at $127; XRP -2% to $1.90. ZRO (+15%), AXS (+10%) and DASH (+8%) led top movers. Ledger is preparing for a $4B IPO, enlisting Goldman Sachs, Jefferies and Barclays for support. Ripple CEO Brad Garlinghouse predicted crypto could hit new highs in 2026, pointing to regulatory momentum and institutional participation as key drivers. President Trump sued JPMorgan for $5 billion, alleging politically motivated “debanking”. BitGo briefly surged in its stock market debut before finishing its first day of trading just over its $18 IPO price. BlackRock CEO Larry Fink pushed the idea of a single blockchain for tokenization to avoid corruption and aid in scaling. Kansas introduced its own Bitcoin Strategic Reserve bill. PwC said institutional crypto adoption has crossed a point of no return, as regulatory frameworks move from draft rules toward active supervision. Treasury Secretary Scott Bessent reaffirmed the Trump administration’s push for U.S. crypto leadership and support for a strategic Bitcoin reserve.
Crypto majors fell again yesterday as btc lost $90k; btc -2% at $89,900; eth -3% at $3,100, sol -3% at $134; xrp -7% to $2.08. Lit (+3%), wlfi (+3%) and xmr (+3%) led top movers. Zec fell 19% after the developer team resigned following a dispute with the board; the team has promised to form a new company and continue the mission. Jpmorgan announced plans to launch its jpm coin on the canton network. Barclays invested in ubyx, a u.S. Stablecoin settlement startup, backing infrastructure that would let regulated institutions move digital money across issuers and wallets. The senate banking committee faces mounting pressure ahead of a key vote on crypto market structure legislation next week. Wyoming introduced its first state-issued stablecoin, frontier stable token, now available to the public. World liberty financial’s subsidiary applied for a national trust bank charter, aiming to issue and custody its usd1 stablecoin under a federally regulated framework. Starknet suffered a multi-hour outage due to a block production bug; the network paused and rolled back before resuming.
