Barclays Strengthens Asset and Wealth Management Division with Appointment of Jack Rabun as Head of North America
Barclays, a renowned global financial institution, has recently made an exciting announcement regarding the appointment of Jack Rabun. Mr. Rabun will assume the role of Managing Director and Head of Asset and Wealth Management North America within the Financial Institutions Group (FIG), with his office based in New York. With more than two decades of […]
Barclays state the Fed might need to halt balance sheet shortening in 2023
According to a Barclays analysis, the Federal Reserve may need to slow down or halt reducing its almost $9 trillion balance sheet earlier than many people currently anticipate. The current rate of the drawdown is likely to need to alter in the beginning half of next year, the investment company’s analysts noted this week. That’s because, […]
Barclay bets on India again with $400 MLN infusion for banking
Barclays said that they are pumping in more than $400 million into its India arm. This major step is to tap rising corporate and investment banking activity in the country that is now recovering from the pandemic. This is Barclays’ single largest capital infusion. This comes after the British lender pulled out of the retail […]
Barclays cuts FY 2021-22 growth forecast for India by 80 bps to 9.2%
Barclays cut its full-year 2021-22 economic growth forecast for India by 80 basis points to 9.2%. The toll from stringent lockdowns imposed to curb rising COVID-19 infections appeared to be bigger than its earlier expectation. The devastating second wave of coronavirus infections has forced nearly two-thirds of the country to introduce tough curbs. This slows […]