All Entries Tagged With: "Barclays"
Barclays in last minute talks to buy certain Lehman assets
Barclays said this morning that it is still in talks with Lehman Brothers about acquiring certain assets, although this will be mainly in the US. After Barclays refused to rescue Lehman
Lehman Brothers and Barclays have quit sale talks
It’s been reported that Barclays will not go ahead with the purchase of troubled investment bank Lehman Brothers, The reason Barclays walked away from the deal was because it was unable
Northern Rock appoints Barclays Gary Hoffman
Gary Hoffman did not get the chief executive role at Barclays PLC back in 2003, but now Hoffman has now been appointed as chief executive at Northern Rock PLC., the troubled U.K. mortgage lender.
Ron Sandler, Northern Rock Executive Chairman decided to
1,800 Barclays Bank IT staff moving overseas
Barclays Bank has now confirmed that they are to move 1,800 IT staff overseas over the next three years. Some of these jobs will go to UK staff, but as yet Barclays have offered no more details of the terms and conditions of the new deal.
The bank did make a statement saying
Barclays owned Woolwich has cut mortgage rates
Barclays owned Woolwich, who is one of the UK’s biggest mortgage lenders has reduced their mortgage rates, this follows the fall in the cost of wholesale funding. The Woolwich has cut their tracker deals by 0.1%, along with their fixed-rate products by up to 0.3%.
This move by Woolwich follows other lenders like
Barclays closes Firstplus loan subsidiary: 300 jobs lost
As we know Barclays Firstplus loan subsidiary was a controversial business for them, well they have now had to close the doors on the loan company. Barclays has had to cut 300 of the 400 staff, because of a 40 percent slump for demand of top-up mortgages.