BCS Stock Recent News

HSBC Holdings PLC (LSE:HSBA) has followed rivals Barclays and NatWest and started to cut its mortgage rates ahead of what is expected a run of base rate reductions to the end of the year and into 2025. NatWest announced reductions to its rates on Friday with Barclays cutting some rates today and now HSBC has said it will lower its rates from tomorrow, though there are no details yet.

Venu Krishna, Barclays' Head of US Equity Strategy & Global Equity Linked Strategies, joined Bloomberg Surveillance to discuss the possibility of stocks making a comeback. -------- Watch it live every week day from 7-10 ET on Bloomberg Television, YouTube, Roku, Apple TV, Samsung TV, Android TV, Rakuten TV.

Barclays PLC (LSE:BARC) is cutting rates on several mortgage offerings, opening the door for other lenders to follow suit.  Starting tomorrow, some of the bank's new deals include: Two-year fixed deal with 90% LTV and no product fee at 5.48% from 5.76% Two-year fixed deal with 60% LTV and no product fee at 4.88% from 5.13%  Five-year fixed deal with 90% and a £999 product fee at 4.85& from 4.90% Riz Malik at R3 Mortgages said: "Barclays is the first lender of the week to improve selected mortgage products but my suspicion is that it won't be the last.

Being long equities is no longer an easy decision. But it is even harder to love bonds at these levels.

Barclays has told City analysts it remains optimistic about growing its UK Corporate Bank, which accounted for 7% of profits last year. According to Barclays, currently, it has a 22% share of relevant corporate deposits but only a 9% share of relevant corporate lending and wants this latter number to increase.

Daniel Hanna, Global Head of Sustainable Finance at Barclays, discusses the investment opportunities in sustainable and transition finance. He speaks with Shery Ahn and Paul Allen on "Bloomberg: The Asia Trade".

Barclays will cut about 100 million pounds ($127 million) of annual costs from its UK corporate banking business by 2026, it said on Tuesday, as part of wider cost-cutting plans announced in February.

The PRA asks Barclays (BCS) to review its exposure to leveraged finance as part of an industry-wide probe into lenders' exposure to the private equity industry.

Surrendering to pressure from several music acts and an ad-hoc movement, Barclays has suspended its sponsorship of all 2024 music festivals organized by Live Nation in the UK. The festivals now without Barclays backing include such popular events such as Download, Latitude, and the Isle of Wight Festival, according to Business Matters.

The suspension comes after several artists, including country singer CMAT, metal band Ithaca and comedian Joanne McNally, pulled out of the events.