Barclays Africa Group Limited which is South African subsidiary of Barclays reported eleven percent increase in headline earnings for the half year that ended on30 June 2015.
The financial services provider said it firmly remains on track to carry on its three year strategic priorities and market commitments.
Barclays Africa is the third largest lender in South Africa by value. On Wednesday, the company reported an eleven percent increase in its half-yearly profit s owing to a robust growth in its across the border business and also due to a drop in bad debt charges.
Plans to allow bank customers to pay cheques into their account by taking photos on their smartphones have been announced.
Customers will now be able to take photograph of the cheque and send it electronically rather than going to the bank in person.
The Financial Conduct Authority (FCA) is suspecting if Barclays should have unveiled additional details to the stock market regarding the capital-raisings of £11.8bn back to five years from private investors.
It has been found that Barclays and the FCA are currently negotiating over a fine imposed on the Bank for the deals made during the financial crisis i. e. in 2008.
The Department of Justice, US, is unable to understand as to how Barclays was able to get banking license to operate in Saudi Arabia in 2009. In order to know the truth, they have been carrying out an investigation.
The FTSE 100 continued with gain for the fourth day in a row despite discouraging public finance data. The day remained stronger for Barclays which rose 18 per cent during the week.
The bank failed to do well in the initial hours but overall scenario changed in the second half when the index rose 48.45 points to 5,325 mainly led by miners.
A new proposal has been launched by Barclays, in the UAE, that gives the large affluent section of the market an unmatched personalized banking service for a nominal fee.
It has been learnt that mainly this Premier Life offering has been created for individuals earning AED 20,000 to 50,000 per month, and expecting a more rewarding banking experience.
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