Barclays CEO Says it’s misguided to go ‘cold turkey’ on oil - THE EDGE SINGAPORE


Barclays CEO says it’s misguided to go ‘cold turkey’ on oil

Earlier this year, Barclays pledged to halt the direct financing of new oil and gas projects.

Banking & finance

Wall Street banks face US$8 bil in municipal bond price-fixing claims

Some of the banks that are expected to go on trial next month are Citigroup, Bank of America and JPMorgan Chase & Co.
Recessionary risks still abound in increasingly 'two-sided economy': Analysts - THE EDGE SINGAPORE

Singapore economy

Recessionary risks still abound in increasingly 'two-sided economy': Analysts

Maybank economists have raised the probability of a recession over the next 12 months to 12% as of this month, from 9% in October.

Investing strategies

Barclays: Asia emerges out of China's long shadow

The good news: There is limited spillover on the rest of the region.

Environmental, Social and Governance

Coal is still raising trillions of dollars despite green shift

2022 could be a year of backsliding for some climate initiatives.

Company in the news

JP Morgan's head of Southeast Asia's M&A to join Barclays

The banker is at least the second senior executive in Singapore to leave JPMorgan recently.


Barclays to set up fourth electronic FX trading hub in Singapore

Barclays will build out a local version of the trading system, known as BARX, adding to hubs in New York, London and Tokyo.


Will banks suspend dividends?

A check with the country’s largest bank by assets Malayan Banking reveals that it has no plan to scrap its dividend payouts to shareholders.

Yield watch

The dividend poser

As a result of MOH measures, Singapore Exchange Regulation (SGX RegCo) had earlier announced measures to give time extensions for companies with Dec 31, 2019 year-ends to hold their AGMs by June 30, 2020.

Banking & finance

Barclays to cut around 100 senior jobs at investment bank

Globally, banks announced almost 80,000 job cuts last year -- the most since 2015.