Barclays

Bharti shortlists 8 bank to manage Infratel IPO: sources

Bharti shortlists 8 bank to manage Infratel IPO: sources

Standard Chartered, JPMorgan and Barclays Plc are reportedly among the banks that have been shortlisted by Bharti Airtel Ltd. to manage an initial public share offer (IPO) floatation of its towers unit.

Sources with direct knowledge of the matter have informed that Bharti Airtel Ltd. has picked eight banks for managing the IPO. Apart from aforementioned banks, the reported list of selected banks includes Bank of America Merrill Lynch, UBS, HBBC and India's Kotak Mahindra bank.

SMFG, Barclays to start private banking in Japan

SMFG, Barclays to start private banking in Japan

According to the reports on Thursday from Sumitomo Mitsui Financial Group (8316. T) and UK banking giant Barclays (BARC. L) it is expected that they would launch a wealth management joint venture in Japan. They would look for individuals having at least 500 million yen ($5.7 million) to invest.

In the year 2008, Japan's third-largest bank by assets acquired a 2 percent stake in Barclays amounting to $1 billion and both the banks were preparing to start a private banking business in Japan.

Barclays reports profits up 92% to €13.3bn

BarclaysUK banking giant Barclays reported more than tenfold increase in the profit during the fourth quarter earnings of the year 2009 following the sale of Barclays global investment arm of business in the fiscal year 2008 to raise the fund.

Barclays Ordered to Halt Trading of Offshore Derivatives in India

Barclays Ordered to Halt Trading of Offshore Derivatives in IndiaThe Securities & Exchange Board of India has ordered Barclays Plc. to immediately cease all selling or trading of offshore derivatives across India, while accusing the UK bank of providing information which is incorrect, false and misleading.

Barclays profit plummets 54% in Q3 period

Barclays has posted disappointing results for third quarter. The company has recorded a dip of 54% in its profit after tax which stood at 1.07 billion pounds in third quarter. In the similar period a year before, the company had clocked a profit after tax of 2.32 billion pounds.

During the said quarter, total income of the company surged to 7.53 billion pounds as compared with 6.98 billion pounds recorded in the like quarter of previous fiscal.