Barclays Stock Price, News & Analysis

Barclays has appointed Ingrid Hengster as Country CEO for Germany, pending regulatory approval. She will also serve as Global Chairman of Investment Banking, joining a leadership group focused on enhancing client relationships and revenue growth. Ingrid brings over 30 years of investment banking experience, previously serving on the Executive Board of KfW Bankengruppe and leading significant projects during the pandemic. Her role is crucial for Barclays’ growth strategy in Europe, particularly in the DACH region.

Barclays appoints Pier Luigi Colizzi as Head of Investment Banking for Continental Europe, joining the Barclays Europe Executive Committee. With 27 years of investment banking experience and over US$200bn in M&A advisory, Colizzi has been crucial in landmark transactions for major clients since joining Barclays in 2012. He will continue to oversee M&A responsibilities in Europe, with further details on the M&A leadership structure to follow. This move aims to strengthen Barclays' presence in Continental Europe and enhance synergies with its other banking divisions.

Barclays Bank PLC announced that there will be no changes to the constituents of the CIBC Atlas Select MLP Index during the next rebalancing period, starting July 9, 2021. The iPath Select MLP ETNs, linked to the Index's performance, are available on the CBOE BZX Exchange under the ticker ATMP. Investing in these ETNs carries significant risks, including potential loss of principal and exposure to high volatility. The Index comprises 20 constituents from the Energy Sector and Gas Utilities, selected based on specific eligibility criteria.

Barclays Bank PLC has launched a simultaneous Exchange Offer and Tender Offer for its iPath® S&P GSCI® Crude Oil Total Return Index ETNs due August 14, 2036. The Exchange Offer allows holders to exchange their Old Notes for new ETNs due April 18, 2041 at a ratio of six New Notes per Old Note. The Tender Offer offers $127 per Old Note, reflecting a 3.25% premium over the last trading price. Both offers include a Consent Solicitation to amend provisions of the Old Notes, set to expire on July 29, 2021. Key details and terms are outlined in the prospectus.

Barclays Bank PLC launched the Pacer iPath Gold Trendpilot ETNs, designed to track the Pacer Barclays Gold Trendpilot Total Return Index. This product aims to meet rising investor demand for commodities while providing risk-managed access to gold. The ETNs will trade on NYSE Arca starting June 16, 2021, with a 0.65% annual investor fee. They are not guaranteed to return principal and do not pay interest, with cash payments dependent on the Index's performance at maturity. Barclays holds a 30% market share in the ETN sector in the U.S.

MarketAxess Holdings (Nasdaq: MKTX) announced that Barclays (NYSE: BCS) will become a dedicated market maker, providing streaming prices for US investment grade corporate bonds on the MarketAxess Live Markets™ platform. This initiative enhances liquidity and trading efficiency for institutional investors, allowing them to place live orders more easily. In Q1 2021, volume via Open Trading reached a record $246.3 billion, up 20% year-over-year. This growth reflects the increasing importance of all-to-all trading in the credit markets, significantly benefiting MarketAxess's trading volumes.

Barclays Research published the 66th edition of the Equity Gilt Study, addressing post-COVID economic dynamics. The report highlights risks of a disorderly unwinding of stimulus in the US and Europe, with inflation and debt impacting policy credibility. While a controlled unwind is expected, emerging markets like Brazil and Turkey face heightened vulnerability. The report also discusses the impact of mobility restrictions on global travel and real estate trends, projecting a potential 20% drop in office demand while residential markets may thrive.

Barclays has announced a stock split for several iPath® ETNs, effective June 4, 2021. The splits are as follows: iPath Shiller CAPE ETN (10:1), iPath Series B Carbon ETN (5:1), iPath Series B Bloomberg Agriculture ETN (3:1), iPath Series B Bloomberg Copper ETN (3:1), and iPath Series B Bloomberg Nickel ETN (3:1). Key dates include the record date on June 2 and the pay date on June 3. The ETNs will retain their CUSIP, ISIN, and ticker symbols post-split. Barclays has the discretion to implement this split, aimed at adjusting the trading values of the ETNs.

Barclays has appointed David MacGown as a Managing Director in its Financial Institutions Group (FIG) Banking, effective August 2021. MacGown brings over 30 years of investment banking experience, having previously served at Credit Suisse, Morgan Stanley, and Citigroup. His extensive background includes advising on significant transactions, such as SoFi's $8.65bn merger and Charles Schwab's $26bn acquisition of TD Ameritrade. This appointment aligns with Barclays' commitment to enhancing its FIG Banking franchise.