Barclays

Former Barclays UK private banking head David Semaya is to join Nikko Asset Management, as CEO Charles Beazley steps down for family reasons.

REVIEW OF THE YEAR

Bob Diamond, the former boss of Barclays who left in disgrace last year after the bank admitted its role in rigging Libor rates, is reportedly close to making a comeback with a new bank venture.

A number of asset managers stand to double their market share if they are prepared to be aggressive on super clean pricing, according to research from Barclays.

Hargreaves Lansdown could be set to charge lower-end clients around 70bps when it publishes its new clean fee structure, expected this week.

HIGH YIELD

FIXED INCOME

Barclays is to cut 1,700 UK branch jobs from 2014 as customers move online for services.

Barclays' head of compliance Sir Hector Sants will not be returning to the banking group after taking three months' leave in October due to stress.

Barclays is to cut around 450 jobs in the UK, including a third of its private bankers.