Barclays’ investment bank stuttered in the first quarter, failing to follow rivals’ sharp dealmaking gains as revenue from fixed income trading tumbled by 21%. The UK lender, which has been looking to reduce reliance on its investment bank under a strategic shift unveiled in February, brought in revenue of £3.3bn for the unit, which was
Mortgage lenders are hiking rates again. (Bennett Dean) Anxiety has set in among UK mortgage lenders, with rates being hiked left, right and centre, amid uncertainty about how the Bank of England‘s interest rate path will play out. While Barclays hiked its rates for the second time in seven days on Monday, having been the
Barclays will cut several hundreds of jobs in the coming months.Image: Olivia Harris (Reuters) Barclays and Citigroup are set to cut jobs from their investment bank divisions, people familiar with the cuts told Bloomberg on Wednesday. These cuts follow follow a spate of similar layoffs across other big banks. Is it too late to invest
Barclays is preparing a fresh wave of job cuts that will affect hundreds of employees within its investment bank, according to reports. The UK lender, which unveiled a strategy revamp in February in a bid to boost returns and cut costs, will strip out hundreds of roles across investment banking, research and markets, Bloomberg reported.
American Honda Finance is preparing to issue at least $1.5 billion in asset-backed bonds that will be repaid from revenues on prime-quality retail installment loan contracts that it originated. Honda Auto Receivables 2024-1, or HAROT 2024-1, is the program’s 91st such deal, according to Moody’s Investors Service, and analysts there say the principal balance could
“A more favourable interest rate environment in 2024 can be conducive to increased issuance of green bonds or sustainability-linked bonds,” said Tu. “But we need to find a variety of transition financing to support companies’ decarbonisation initiatives.” A photovoltaic power generation base in Taizhou, Jiangsu province, China. Photo: Getty Images Sustainable debt is tied to