LONDON: London Stock Exchange Group (LSEG) today announced that 11 leading global banks have agreed to invest in its Post Trade Solutions business, taking a 20% stake. The investing banks will each become shareholders in Post Trade Solutions, acquiring the stake for aggregate cash consideration of £170 million, valuing the whole of Post Trade Solutions at £850 million….
Tag: Barclays
Shift4 to acquire Bambora North America
CENTER VALLEY: Shift4 (NYSE: FOUR), the leader in integrated payments and commerce technology, has entered into exclusive negotiations to acquire Bambora Inc, Bambora Holding Corp, Bambora Corp, and Worldline SMB US, Inc (collectively “Bambora North America”), Worldline’s (Euronext: WLN) North American subsidiaries. The contemplated transaction is expected to close in the first quarter of 2026,…
Barclays lifts profit target, kicks off early $639 million share buyback
LONDON: Barclays BARC.L raised its key profit target and announced a fresh 500 million pound ($639 million) share buyback on Wednesday, citing strong performance and cost savings delivered ahead of plan, despite setting aside more money for a UK motor finance probe. The British bank now expects to deliver a return on tangible equity (RoTE)…
Swedbank to acquire Barclays’ stake in Entercard, forming largest Nordic card business
STOCKHOLM: Swedbank said on Thursday it has agreed to acquire Barclays’ 50% stake in Entercard, making the Nordic credit company a wholly owned subsidiary and forming what it called the largest card business in the Nordics and Baltics. The deal marks the end of a two-decade partnership between Swedbank and Barclays, which co-founded Entercard in…
Barclays sells German consumer finance business to BAWAG
Barclays PLC today announced that Barclays Bank Ireland has agreed the sale of certain assets and liabilities, which together comprise its German consumer finance business to BAWAG P.S.K
Barclays announces new operating structure and leadership changes
LONDON: Barclays Plc, one of the leading global financial services providers, has today announced a new operating structure that will align its business segments with its strategic priorities and customer needs. The new structure will consist of five focused operating divisions, namely: Barclays will report its financial performance based on these five operating divisions, in…
Catherine McGrath appointed CEO Westpac New Zealand
AUCKLAND, NEW ZEALAND: Westpac Group CEO Peter King and the Westpac New Zealand Board today announced the appointment of Catherine McGrath as Chief Executive Officer, Westpac New Zealand. Catherine recently returned to New Zealand from London where she was Head of Channels for Barclays Group, having previously held several senior leadership roles at Barclays since…