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The Latest Breaking News from Barclays

‘Complete disregard’: Charities condemn Barclays over frozen bank accounts

More groups come forward to describe how shutdown suddenly left them unable to pay bills or staff

The Guardian - UK

Charities and churches left in financial disarray after Barclays shuts accounts

A number of community organisations say they were left struggling after bank closed or froze accounts ‘without warning’

The Guardian - UK

Barclay family regains control of Telegraph after Abu Dhabi helps pay debt

Planned takeover still requires government approval despite Lloyds receiving funds owed

The Guardian - UK

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Barclay family expected to regain control of Telegraph temporarily

Debt repayment will put group step closer to being controlled by consortium backed by UAE

The Guardian - UK

Barclays offers 90% mortgage with sub-5% interest rate after slashing prices twice in four days

Other lenders to announce cuts today include TSB and Accord

Evening Standard

Barclays axing 900 staff in ‘disgraceful’ pre-Christmas move, says Unite

The banking giant confirmed it was ‘making changes to its headcount’

Evening Standard

Why is the Telegraph up for sale and who wants to buy it?

Potential buyers include a consortium that has vowed to pay off the current owners’ debts, the Daily Mail owner and a GB News investor

The Guardian - UK

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More than 2,500 jobs at risk in Lloyds shake-up

Exclusive: UK’s largest high-street bank preparing review of middle-management roles in response to expected income squeeze

The Guardian - UK

Barclays Bank is reportedly axing up to 2,000 jobs as part of a $1.25 billion cost-cutting plan

The British bank's CEO C.S. Venkatakrishnan is under pressure to lift Barclays's shares up after a stormy few years.

Fortune

Barclays could axe up to 2,000 jobs in £1bn cost-cutting drive

Shake-up expected to affect mainly back office roles in departments such as compliance, HR and legal

The Guardian - UK

It's Black Friday for hackers too - so watch out for these scams

Online shopping can be dangerous this time of year – NordLayer highlights some key scams to be aware of.

TechRadar

Abu Dhabi-backed fund says it will take control of Telegraph and Spectator

RedBird IMI ‘reaches agreement’ on package of loans to repay debts owed by Barclay family

The Guardian - UK

Sale of Telegraph Group "still wide open" -- bankers

THE race to land ownership of The Telegraph Group remains wide open City bankers insist in the face of reports that an Abu-Dhabi backed fund is close to taking control.

Evening Standard

March for Palestine: Where are protests taking place in London this weekend?

A dozen pro-Palestine marches are planned across the capital on Saturday

Evening Standard

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The Guardian - UK

Local action to replace London march for Palestine this week, say organisers

Groups behind ceasefire protests attended by hundreds of thousands say there will be events across UK

Barchart

Stocks Surge as Soft CPI Report Bolsters Speculation Fed Is Done Raising Rates

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +1.91%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.43%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +2.13%. Stocks on Tuesday rallied sharply, with the S&P 500...

Barchart

Stocks Soar as Easing U.S. Price Pressures May Keep the Fed Sidelined

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +2.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.67%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.17%. Stocks are sharply higher, with the S&P 500 posting...

Barchart

Markets Today: Stocks Jump and Bond Yields Tumble as U.S. CPI Eases

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +1.23% at a 1-3/4 month high, and Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +1.59% at a 3-1/2 month high. Stock index futures this morning jumped, and bond yields tumbled, after U.S. Oct consumer prices rose less...

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The Independent UK

Tottenham star reveals secret to upturn in form after summer transfer

The Scotland forward was named Barclays Player of the Month for October.

The Guardian - UK

UK recession fears grow as shoppers cut spending ‘to save for Christmas’

Drop in retail sales also because of consumer worries over high energy bills and mortgages, surveys suggest

The Independent UK

Fears of rising energy bills and a costly Christmas lead consumers to cut back

Some 14% of consumers say they have already made mutual agreements to cut back on gift-giving, figures from Barclays show.

The Independent UK

Banks’ performance in dealing with APP scam victims revealed by regulator

The Payment Systems Regulator said there are inconsistent outcomes for customers who report an APP scam to their bank or building society.

The Guardian - UK

Banks pumped more than $150bn in to companies running ‘carbon bomb’ projects in 2022

Projects that risk 1.5C heating target operated by companies receiving financing from European, Chinese and US banks

The Independent UK

MP accuses UK’s biggest banks of being ‘far too slow’ to reward savers

Harriett Baldwin, who chairs the Treasury Committee, said the ‘big four’ banks have not done enough to pass on higher interest rates to savers.

Evening Standard

Woman scammed Islington couple with sick child out of £230k to fund 'lavish' lifestyle

Haydee Daniel convinced the couple to send her money while acting as a fake contact at Barclays bank

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