Welcome to our dedicated page for Barclays news (Ticker: BCS), a resource for investors and traders seeking the latest updates and insights on Barclays stock.
Barclays PLC reports news across its universal banking businesses and its U.S.-listed ADR, BCS. Company updates commonly cover Barclays UK, the UK corporate bank, private bank and wealth management, the investment bank, and the U.S. consumer bank, along with leadership changes in research, global markets, securitized products, and investment banking.
Recurring developments also include Barclays Research thematic reports, data science and applied AI initiatives, capital-markets activity, exchange-traded note tenders and redemptions by Barclays Bank PLC, annual meeting and governance matters, and ADR-related regulatory or shareholder notices.
Barclays Bank PLC (BCS) has updated the list of securities for its rescission offer, amending the prospectus supplement previously filed on August 1, 2022. This follows prior announcements made on March 28, May 23, July 25, and August 1, 2022. The terms and conditions of the rescission offer remain unchanged, except for those amended in the latest filing. Investors can access the updated prospectus on the SEC’s website. Barclays cautions that forward-looking statements about future performance may vary significantly from actual results, due to various risks and uncertainties.
Barclays Bank PLC has announced the resumption of issuances and sales of specific iPath® ETNs as of August 1, 2022. This follows a prior suspension on April 28, 2022. The action is expected to impact trading values due to changes in supply and demand dynamics. Additionally, Barclays has commenced a rescission offer for certain suspended ETNs, with plans to resume their sales upon completion of this process. Investors are cautioned regarding potential premium and discount fluctuations impacting ETN trading values.
BBPLC has launched a rescission offer for c.U.S. $17.6 billion of securities issued beyond registered amounts. This offer, valid for 30 U.S. business days, includes c.U.S. $14.8 billion of structured notes and c.U.S. $2.8 billion of exchange-traded notes. The detailed terms are outlined in a prospectus filed with the SEC. The offer expires at 5.00 p.m., EDT on 12 September 2022, and results will be published thereafter.
BBPLC is set to launch a rescission offer for eligible investors regarding $17.6 billion in securities issued beyond registered limits. The offer, commencing on August 1, 2022, will remain open for 30 U.S. business days, concluding on September 12, 2022. This action follows prior announcements on March 28 and May 23, 2022. The offer includes structured notes worth $14.8 billion and exchange-traded notes of $2.8 billion. Detailed terms will be outlined in a prospectus supplement filed with the SEC.
Barclays Bank announces the resumption of issuances and sales for several iPath® ETNs effective August 1, 2022. This follows a previous suspension of these ETNs starting April 28, 2022. The resumption is part of a broader strategy to manage supply and demand fluctuations, potentially impacting trading values. Investors should be aware of the risks including market value fluctuations and potential losses if ETNs are redeemed at unfavorable times.
Barclays Research released the 67th edition of its Equity Gilt Study, which analyzes the impact of geopolitical events, particularly the Russia-Ukraine war, on macroeconomic dynamics. The study highlights increased cooperation among European monetary union members in response to crises, including common policies on defense and energy. Analysts also note a potential shift from globalization towards 'reshoring' supply chains. The report suggests that the previous era of stable growth may be ending, outlining implications for markets worldwide.
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A new study from Barclays Research highlights the effectiveness of Portfolio Trading in the corporate bond market. This strategy reduces transaction costs by over 40% compared to the traditional request-for-quote (RFQ) method. Portfolio Trading now accounts for 8% of market-wide TRACE volume, significantly up from virtually zero in 2018, with inquiries on Barclays' trading desk reaching approximately $175 billion in 2021. The study showcases the benefits stemming from the ETF ecosystem that enhance liquidity and reduce costs for investors.
Barclays has identified an over-issuance of securities beyond the registered amount under its US shelf registration statement. Consequently, Barclays PLC is amending its Annual Report on Form 20-F for 2021 to revise management's assessment of internal controls, including KPMG’s auditor attestation. Until these amendments are filed, the audit report cannot be relied upon. As a precautionary measure, Barclays has suspended its market-making activities for BPLC and BBPLC debt securities and will assess the possibility of resuming these activities in the future.
Barclays Bank announced the suspension of sales of several iPath ETNs effective April 28, 2022, due to the need to restate financial statements from its 2021 Annual Report. This suspension will remain in place until an amended Form 20-F is filed with the SEC. Existing daily redemptions for ETN holders will not be affected. The suspension may lead to fluctuations in market value due to changes in supply and demand dynamics. Investors are cautioned that the ETNs carry significant risks, including potential losses of principal and no guarantees of payment.