Acquitted former Barclays rainmaker Jenkins plots gentler comeback

spike

LONDON (Reuters) – A near decade-long battle to clear his name has ended in victory, but the star rainmaker credited with playing a pivotal role in saving one of Britain’s biggest banks from a government bailout in 2008 is still waiting to put his life back on track.

FILE PHOTO: Former Barclays banker Roger Jenkins leaves the Old Bailey Central Criminal Court in London, Britain, February 25, 2020. REUTERS/Henry Nicholls

Former Barclays (BARC.L) executive Roger Jenkins headed to his London hotel on Feb. 28 after being unanimously acquitted in a high profile fraud trial revolving around credit crisis-era

Read More

Difficult jobs market may spark a radical shift in spending: Barclays

spike

The historic consumer price drop in April may be more than a temporary setback.

Michael Gapen, Barclays’ head of US economics research, warns widespread job losses due to the coronavirus pandemic is radically changing Americans’ spending habits.

He suggests the damage will last years.

“Whether this is a permanent shift will in part depend on just how different the world looks when we emerge from economic lockdowns and whether or not we’re ultimately able to get a vaccine,” he told CNBC’s “Trading Nation” on Tuesday.

The Consumer Price Index excluding food and energy, also known as CPI, saw it steepest 

Read More

Rebel Sherborne to withhold vote against Barclays boss in AGM

spike

FILE PHOTO: Barclays’ CEO Jes Staley arrives at 10 Downing Street in London, Britain January 11, 2018. REUTERS/Peter Nicholls/fILE pHOTO

LONDON (Reuters) – Sherborne Investors (SIGC.L) said on Thursday it would withhold its vote against Barclays (BARC.L) Chief Executive Jes Staley in the lender’s upcoming general meeting, to prevent fresh boardroom turmoil as the bank grapples with the COVID 19 fallout.

The rebel shareholder said it still believed Staley “to be unsuitable to continue” as a director of the bank but it had chosen “with great reluctance” not to vote against him in recognition of the

Read More