Barclays

Barclays and Citigroup Step Up to Fund KKR's $1.7 Billion Acquisition of Osttra

2 months ago

In a significant move within the financial sector, Barclays and Citigroup have teamed up to provide a substantial $1.7 billion financing package aimed at facilitating KKR & Co.'s acquisition of Osttra, a company specializing in post-trade services. The deal marks a crucial step for KKR, as it seeks to enhance its portfolio in the rapidly evolving fintech landscape.

UK Banking Watchdog Launches Investigation Into Barclays Following Major IT Outage

4 months ago

In a significant development within the UK banking sector, the Financial Conduct Authority (FCA) has opened an investigation into Barclays Bank in response to a significant IT outage that disrupted services and inconvenienced thousands of customers. The incident, which occurred recently, raised concerns about the bank's operational resilience and its commitment to providing reliable service to its clientele.

Monzo's Strategic Leadership Expansion Signals Ambitions for IPO

6 months ago

Monzo, the digital banking pioneer based in the UK, is making significant moves in its leadership team as it prepares for a potential initial public offering (IPO). The company has recently recruited seasoned executives from major financial institutions, including Barclays and Nubank, to strengthen its position in the competitive fintech landscape.