Barclays profits soar as Andy Burnham is urged to launch a bank tax raid
What Barclays reported Prime Minister Andy Burnham has been urged to launch a tax raid on UK banks after Barclays revealed a near-30% jump in its half-year bonus pool on the back of soaring profits, with the TUC arguing the lender “can easily afford to pay more tax”. Corporate filings released on Tuesday showed Barclays […]
1 month ago
Barclays offering mortgages with £0 deposit and thousands of Brits are eligible
This initiative makes use of the Right to Buy scheme. The headache-inducing world of mortgages just got a hell of a lot less painful for some lucky folk. Last week, Barclays bank revealed that it would be calling upon the Right to Buy (RTB) scheme in place of a house deposit for tenants wanting to […]
1 year ago
Major UK bank ordered to pay £12,500,000 to customers after outages
The outages occurred on payday for millions of people. Barclays will pay up to £12.5 million in compensation to customers due to outages over the past two years. The outages occurred at the end of January and February, causing days of payment disruption on payday for millions of people. Barclays are estimated to pay £5m […]
1 year ago
Chelsea have bank accounts suspended by Barclays following sanctions against Roman Abramovich
One regular day of Barclays Chelsea have had their bank account temporarily suspended by Barclays following the sanctions imposed against club owner Roman Abramovich, as reported by the Times. Abramovich was one of a long list of Russian oligarchs to have their assets frozen by the UK government on Thursday due to close ties to Russian […]
4 years ago
Barclays to move £166 billion worth of assets to Ireland
Big news. Barclays has been approved to move £166bn (€190bn) worth of assets to Ireland amid the continuing uncertainty of a no-deal Brexit. The High Court ruling allows them to move a sizeable chunk (around 15%) of their £1.3 trillion in assets to Ireland and involves 5,000 clients. The plans will be in place by […]
8 years ago