Markets

Barclays says 3,000 jobs have been culled so far this year

Barclays beat second-quarter earnings expectations on Thursday, with a spokesman confirming to Business Insider that 3,000 roles had been eliminated this year. This comes after a wave of management changes, with high profile step downs. View Markets Insider for more stories. Barclays has culled about 3,000 jobs had been culled […]
Barclays says 3,000 jobs have been culled so far this year
Markets

Deutsche Bank is being slammed for paying $52 million ‘golden parachutes’ to fired execs — right after managers got lavish suits made while thousands got the axe

Deutsche Bank is being slammed for paying out millions to departing senior managers. A picture of two men thought to be fired Deutsche bankers went viral on Twitter, after they were photographed leaving the bank bags in hand. It turns out they were fitting $US1,800 suits for the German bank’s […]
Deutsche Bank is being slammed for paying $52 million ‘golden parachutes’ to fired execs — right after managers got lavish suits made while thousands got the axe
Markets

These are London’s top women in fintech in 2019

The fintech scene is London is one of the world’s biggest, and dozens of start-ups have been popping up annually. LATTICE80, a fintech hub, teamed up with money management tool Miss Kaya to deliver its top 100 women in fintech worldwide. London accounted for 17 of those women. Check them […]
These are London’s top women in fintech in 2019
Markets

Barclays executive got a £25 million bonus during the financial crisis for his role in Qatari funding deal to ‘save our arses’

The UK’s Serious Fraud Office alleges that former Barclays CEO John Varley and other executives misled investors in raising funds during the financial crisis. Barclays executives spent frantic hours negotiating with Qatari investors, which led to millions in hidden fees being funnelled to the investors via financial instruments, a London […]
Barclays executive got a £25 million bonus during the financial crisis for his role in Qatari funding deal to ‘save our arses’
Markets

Barclays executives were ‘rumbled’ by Qataris during payment negotiations, jury hears on day 3 of trial in London

Barclays executives were “rumbled” by Qatari investors during the bank’s emergency fundraising in 2008, a conversation played in court Friday indicates. In their case against the executives over allegations related to the crises-era events, prosecutors said the bank created an internal memo designed to provide a misleading “audit trail.” Alongside […]
Barclays executives were ‘rumbled’ by Qataris during payment negotiations, jury hears on day 3 of trial in London