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Barclays stock crashes on Brexit news

UK bank stocks are cratering after Brexit chaos rumbles Theresa May’s government

UK bank stocks tanked after Prime Minister Theresa May failed to win over her party or investors with her Brexit plan.
Barclays CEO Jes Staley

Barclays profits pop 32% as its investment bank continues to gain momentum

Barclays produced an unexpectedly strong set of results in the third quarter of 2018, boosted by an impressive performance from the British bank's trading arm.

The cohead of Barclays’ research business is leaving as the UK bank’s senior shake-up continues

A management cull at Barclays continues, and its cohead of research Jeff Meli will now run the division alone.
Former Barclays CEO Bob Diamond.

The ex-Barclays CEO once dubbed the ‘unacceptable face of banking’ thinks banks should be taking more risks today

With the 10-year anniversary of the collapse of Lehman Brothers just two days away, many key figures from the financial crisis have taken the opportunity in recent days to reflect on their part in it — Bob Diamond included.
Traffic going towards London's Canary Wharf business district.

JPMorgan and Citi say just hundreds of jobs will leave London due to Brexit — not thousands

Executives from JPMorgan, Citi, and Barclays Ireland gave evidence to UK MPs on Tuesday about the impact of Brexit on their industry. All three said their banks expect just 150 roles to be moved out of London in the immediate aftermath of Brexit.
One man's loss is another man's gain.

Turkey’s turmoil blew a $19 million hole in one trader’s account — here are the winners and losers from the crisis

Over the last week or so, markets have been gripped by the developing crisis in Turkey, which has seen the country's currency plummet, contagion spread to other emerging markets, and a war of words develop between President Erdogan and President Trump.
Barclays CEO Jes Staley

Barclays has the fastest growing stock trading team around — and it’s posing a threat to some of the biggest players

Barclays equities division is the fastest-growing on the planet. It reported second quarter earnings Thursday, growing its stock-trading business 37% to $807 million.
Barclays CEO Jes Staley.

A pick-up at the investment bank helped Barclays’ second-quarter profits pop by 44%

The return of volatility this year helped markets income at Barclays' investment bank increased by 11%, with a big uptick in derivatives and equity financing.
Bank of America has hired Jill Schwartz for a top position in its corporate and investment bank.

INTERNAL MEMO: Bank of America has filled one of its most senior investment banking roles with a 25-year vet from Barclays

Bank of America has filled one of its most senior investment banking positions with a 25-year industry vet from Barclays.

Barclays poached a top investment banker from JPMorgan as its new global head of chemicals

Barclays has hired a senior banker from JPMorgan to bolster its chemicals banking practice.