Barclays customers say they have been unable to access their money over the weekend.Read the full story ›
Barclays has announced a 25% rise in first half year profits just three weeks after chief executive Antony Jenkins was fired over lacklustre revenue growth.
It comes despite the bank having to pay out more than £1 billion in compensation to customers over scandals such as PPI mis-selling.
However, the bank has said it will streamline the business to ramp up growth and squeeze costs but has yet to say how they will do that.
The deputy chairman of Barclays Bank is set to leave the bank a week after chief executive Antony Jenkins was fired.
Sir Mike Rake, who has been in the post since 2012, is said to be in talks to become the new chairman of payments firm Worldpay.
ITV News' Business Editor Joel Hills said Sir Mike had "agreed in principle" to the new role "but nothing has been signed".
I understand that Sir Mike Rake has "agreed in principle" to join Worldpay but nothing has yet been signed. Departure date tbc.
I'm told it's "highly likely" Sir Mike Rake will leave Barclays unless 1) bank attempts to twist his arm or 2) Regulator (PRA) has issues.
Barclays has announced its chief executive Antony Jenkins is to step down.
A "new set of skills were required" at the helm of the group, Barclays deputy chairman Deputy chairman Sir Michael Rake said.
He added that new leadership was required to accelerate the pace of change at the lender.
I reflected long and hard on the issue of group leadership and discussed this with each of the non-executive directors. Notwithstanding Antony's significant achievements, it became clear to all of us that a new set of skills were required for the period ahead.
The bank said it will appoint chairman John McFarlane as executive chairman from July 17 until a successor is found.
Antony Jenkins, chief executive at Barclays, apologised for the bank's role in the scandal.
The misconduct at the core of these investigations is wholly incompatible with Barclays' purpose and values and we deeply regret that it occurred.
I share the frustration of shareholders and colleagues that some individuals have once more brought our company and industry into disrepute.
RBS has also so far dismissed three staff and a further two are suspended.
The serious misconduct that lies at the heart of today's announcements has no place in the bank that I am building.
Pleading guilty for such wrongdoing is another stark reminder of how badly this bank lost its way and how important it is for us to regain trust.
A look at the huge numbers at play in the foreign exchange (Forex) markets as five big banks receive huge fines for manipulating the rate.Read the full story ›
Royal Bank of Scotland i among five banks hit with fines over involvement in the rigging of global currency markets and has agreed to pay $669 million (£430 million) to US authorities.
It comes on top of a £399 million penalty last November, including £217 million by the FCA and $290 million (£186 million) by the US Commodity Futures Trading Commission (CFTC).
Barclays has agreed a total of £1.53 billion in fines with both US and UK authorities amid a raft of new settlements with banks over their involvement in the rigging of global currency markets.
The British banking giant's penalty includes a record £284.4 million to the UK's Financial Conduct Authority and the group pleaded guilty to a violation of anti-trust law in the US.
Authorities have fined five of the world's largest banks, including JPMorgan, Chase & Co and Citigroup inc, roughly $5.7 billion over manipulation of foreign exchange rates, the US Department of Justice said.
Four of them also agreed to plead guilty to US criminal charges.
UBS AG will plead guilty to rigging benchmark interest rates, the Justice Department said.
Barclays will pay $650 million in criminal penalties and Royal Bank of Scotland $395 million. Each will plead guilty to one felony count of conspiring to fix prices and rig bids for U.S. dollars and euros in the foreign exchange spot market.
Barclays also will pay an additional $1.3 billion to settle with the New York state Department of Financial Services, the US Commodity Futures Trading Commission and the UK's Financial Conduct Authority, authorities said.
As part of the New York banking regulator's agreement, Barclays will fire eight bank employees involved with rigging foreign exchange rates, the New York regulator said.