$BCS

Scottish Greens will force a vote to bar companies linked to Israeli settlements from Scottish Government contracts. Barclays, involved in Israeli bonds and financing firms supplying Israel's military, is criticized. Greens co-leader Gillian Mackay demands action to align with last year's BDS motion.

Barclays faces potential £37m liability for its role in Denaro's collapsed Ponzi scheme. The bank provided services to Denaro, which allegedly misused funds, leaving creditors with £90m in claims. Liquidators accuse Barclays of enabling the scheme, with a court ruling the case can proceed. Denaro's founders allegedly misused investor funds, some of which went into other Ponzi schemes.

Five UK lenders, including Barclays, TSB, Santander, Skipton, and Nottingham, raised mortgage rates. Barclays increased its two-year fixed rate to 5.53% and five-year to 5.48%. The average five-year fixed rate rose to 5.68%, the highest since May. Lenders are responding to rising swap rates driven by inflation expectations and Middle East conflict. The Bank of England may hike rates soon, with some analysts predicting a move in November.

The Financial Conduct Authority (FCA) will meet with creditors of Market Financial Solutions Ltd. (MFS) who have requested an investigation into Barclays Bank's conduct related to MFS's collapse. The meeting follows creditors' calls for scrutiny of Barclays' role in the event.

The UK's Financial Ombudsman Service (FOS) may pay up to £2m in legal fees to Barclays, NatWest, Santander, and Vanquis Bank after the High Court overturned FOS decisions on overdraft and credit card complaints, citing a 'fundamental error of law'. The court ruled FOS must cover the banks' legal costs, with Barclays incurring £830,000, Vanquis £353,000, and NatWest £158,000. The FOS argued the ruling could deter its work, but the court disagreed. The government is also reforming the FOS's role a

Barclays has appointed Omar Faruqui as Global Chairman of Investment Banking, focusing on client relationships and M&A growth. Faruqui returns after serving as Director General of the UK Takeover Panel, bringing regulatory and strategic expertise. Barclays aims to enhance its investment banking business and advisory services.

UK companies have spent over £1.3 billion in 2026 buying their own offices, driven by falling prices and rising rents. Barclays' £750 million deal for its HQ was the largest. High fit-out costs and supply shortages also motivate purchases. Other buyers include State Street, State Bank of India, Bank of New York Mellon, and Lloyds Banking Group.

EIF names Jean-Christophe Laloux as CEO; Barclays appoints Mike Jool and Adeel Khan as co-CEOs of investment bank; Standard Chartered confirms Manus Costello as CFO; Julius Baer appoints Peter Burrill as CFO.

Barclays launched a private bank booking centre in Singapore, expanding its wealth management business in Asia. The centre offers global banking, lending, investment, and wealth planning services. Barclays aims to serve internationally connected clients and compete for wealth assets in Singapore. This is the bank's second booking centre in Asia, after India. The move aligns with its strategy to grow internationally through wealth management and investment banking.

Barclays has appointed Stacey Madge, Adam Banks, and Kelly Richdale as Non-Executive Directors to its board, effective September 1. Madge has retail banking and payments experience, Banks has digital and technology expertise, and Richdale specializes in digital customer experience and cybersecurity. According to Sir John Kingman, these appointments aim to strengthen the board and support the bank's strategy. The changes follow the retirement of three existing board members.