The British financial conglomerate Barclays is exploring the possibility of merging with competitors, the media write. According to The Financial Times, citing sources, Barclays is considering a potential merger with Standard Chartered, which mainly operates in the emerging markets. Barclays Board of Directors has drawn up an action plan and is developing a new development strategy for the bank after the owner of the Sherbourne Capital investment fund, Edward Bramson, acquired a 5.4 percent stake in Barclays, becoming one of its largest shareholders. According to sources, Bramson could support an increase in payments to shareholders by reducing the subdivision of cooperative and investment banking, a long time showing weak results.
Oil prices recovered on Monday as optimism grew that OPEC members and allied oil manufacturers will settle a deal on Thursday. The agreement will mandate oil producers to reduce crude production in order to offset suffering prices due to the ...
Oil prices hiked on Tuesday amid optimism that the world’s top crude manufacturers will agree to reduce output production. The deal is necessary as the coronavirus contagion disrupts the world economy. However, analysts warned that the ...
The European Union does not plan to hold new negotiations with the UK to conclude another agreement on Brexit. This was stated by the head of the European Commission, Jean-Claude Juncker, which denied messages in the media made by a number ...
German automaker Volkswagen is considering the possibility of buying a large stake in the Chinese JAC Motor, which is its partner in the joint production of electric vehicles in China. For this purpose, Goldman Sachs investment bank was involved ...
British financial conglomerate Barclays has published its reports for the past year. According to the information based on these statements, the net profit of the bank before taxes decreased by 1% to 3 billion 494 million pounds, being below ...