Barclays

Barclays has been hit with a £38m fine for failing to adequately protect clients' funds, the Financial Conduct Authority has confirmed.

Barclays has hired former Citigroup banker Akshaya Bhargava to head up its recently restructured wealth management business, following the exit of Peter Horrell in June.

Footloose and financially free

Barclays has appointed Aviva's John McFarlane to succeed Sir David Walker as chairman in 2015.

European Wealth has opened an office in Manchester, expanding its regional network into the North West of England, after recruiting a pair of former Barclays investment managers.

Walker Crips has poached two more stockbrokers from Barclays as it expands its investment team.

US high yield bond funds and ETFs have seen record outflows this week, according to Lipper data, amid a spike in yields for the asset class in both the US and UK.

Bailed out by the taxpayer but still paying what many consider to be huge bonuses, banks continue to come under fire. But are they really that bad?

Barclays said today its underlying profits for the first half of the year had fallen 7% after a drop in investment bank revenue, while it also reported another huge bill to compensate PPI customers.

Barclays will scrap its 6,500-strong cashier team in October, converting them into 'community bankers' with iPads.