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The Latest Breaking News from CS Venkatakrishnan

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

The Guardian - UK · Feb 20, 2024

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.

Fortune · Nov 24, 2023

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 · Nov 24, 2023

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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

The Guardian - UK · Feb 15, 2023

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.

Evening Standard · Apr 28, 2022

Vote down executive pay at Barclays and Standard Chartered, investors told

Rebellions loom as Glass Lewis advises banks’ shareholders to reject higher base pay and excessive pensions

The Guardian - UK · Apr 15, 2022

Barclays CEO needs profits and fewer run-ins with regulators

The stock market still worries about the bank, but CS Venkatakrishnan could be the boss it has been seeking

The Guardian - UK · Feb 23, 2022

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