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The Latest Breaking News from CS Venkatakrishnan

‘Shadow banking’ could lead us into an apocalypse like 2008

Alarm bells are ringing about the private credit market and ‘cockroaches’ in the system — the time to act is now, says Chris Blackhurst

Evening Standard

Google’s Ruth Porat: To unlock AI’s upside, rethink every process

"I think we are living in an extraordinary time," Porat said at the Fortune Global Forum.

Fortune

Barclays reenters Saudi Arabia 11 years after exiting business

Investment Minister Khalid Al-Falih said at the Fortune Global Forum: “People have seen that the kingdom is a long-term partner. We’re not transactional.”

Fortune

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read the most diverse news in one place.

Google President Ruth Porat: ‘We should be able to cure cancer in our lifetime’ with AI

Porat said it's great that "people are playing" with AI through chatbots, but we're living through a much bigger change than that.

Fortune

Barclays can afford Tricolor loss but risks remain in the private credit market

Risky lending in an opaque, complex and leveraged part of the financial world is ringing alarm bells

The Guardian - UK

Barclays plays down £20bn exposure to private credit industry

CEO says bank has ‘right controls’ in place despite warnings about industry from IMF and Bank of England

The Guardian - UK

Barclays chief urges Government to limit wage rises and avoid hiking bank taxes

CS Venkatakrishnan, chief executive of the banking group, told the Financial Times that wage inflation was a problem across the UK economy.

Evening Standard

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Barclays boss urges UK ministers to limit public sector pay rises

TUC says CS Venkatakrishnan has ‘brass neck’ calling for curbs when his pay packet has doubled to £10.5m

The Guardian - UK

Barclays names Anne Marie Darling, who retired from Goldman Sachs in 2024, as co-COO

Darling was one of several high profile Goldman departures in recent years.

Fortune

Barclays to bar trans women from using its female bathrooms

Boss confirms policy change as businesses move to comply with recent supreme court ruling

The Guardian - UK

Barclays confirms trans women to be barred from using ladies’ toilets

Group chief executive CS Venkatakrishnan said the move follows the recent Supreme Court ruling that the term woman is defined by biological sex.

Evening Standard

Barclays bank to block trans women from using female toilets

Barclays also ditched the diversity targets at its US business earlier this month

The Independent UK

Barclays ditches gender and ethnicity targets in US

Bank says it still values inclusivity after bowing to Trump agenda by changing hiring and promotion policy

The Guardian - UK

Pay of Barclays CEO more than doubles to £10.5m as profits soar

Other top performers at group share £1.9bn bonus pool while 90,000 employees awarded £500 each in shares

The Guardian - UK

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Evening Standard

Barclays boss sees total pay package double to more than £10 million

Pay bonanza comes as high street bank profits rose by a quarter to £8.1 billion in 2024

The Guardian - UK

Barclays CEO’s maximum pay could rise by 45% to more than £14m

New deal being considered by board cuts fixed pay but allows for much higher bonuses

The Guardian - UK

Stock market Santa rally underway; South Korean won hits two-year low as martial law declared – as it happened

Rolling coverage of the latest economic and financial news

Fortune

Why the CEO of Nasdaq says the 'renaissance period' for tech in finance will last another decade

At the Fortune Global Forum, experts weighed in on the future of finance.

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news in one place.

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Evening Standard

Barclays profit jumps nearly a fifth as investment bank cashes in on dealmaking

The bank reported a pre-tax profit of £2.2 billion between July and September.

The Guardian - UK

Barclays profits tumble 12% as UK interest rates hit mortgage demand

Pre-tax profits drop to £2.3bn between January and March, down from £2.6bn last year

The Guardian - UK

Barclays to cut costs by £2bn, raising fears of further job losses

Bank announces drop in profits to £6.6bn as it says it plans to return more to shareholders

Fortune

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.

The Guardian - UK

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

Barclays staff to share £1.2bn in bonuses despite drop in profits

The 15% fall in profits follows costs of US trading blunder and money being put aside for defaults by borrowers

Evening Standard

Barclays delivers £1 billion blow to investors after US trading debacle

NEW Barclays chief executive CS Venkatakrishnan had a shaky start to his tenure today, ditching or at least delaying a share buy back plan while he deals with a $15 billion trading blunder.

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