Barclays PLC (BARC.L)
LONDON, July 29 (IFR) - Barclays has made significant cuts to its European ABS team due to disappointing activity in that market, a source familiar with the matter told IFR on Wednesday.
July 29 - Bank of America Corp's Merrill Lynch said it had hired two private wealth advisers from the recently sold U.S. wealth management unit of Barclays Plc .
LONDON, July 29 - Barclays has applied for a new UK banking licence to comply with new rules requiring it to separate its domestic retail banking arm, highlighting the bigger task it faces in restructuring than its rivals.
* Shares hit 18-month high, up 2 pct (Writes through with comments from chairman, updates shares)
LONDON - Barclays' new executive chairman sought to stamp his mark on the bank on Wednesday by accelerating the sale of assets and cost cutting, after the group reported an 12 percent rise in profit and another big charge to compensate customers.
LONDON, July 29 - Britain's top share index rose for a second straight session on Wednesday after recent sharp falls, with Hikma Pharmaceuticals leading the market higher on positive broker comments and Barclays gaining after saying it will speed up cost cuts.
LONDON, July 29 - Barclays needs to cut back in countries where it lacks scale or strength and must cut bureaucracy to deliver on plans to turn the British bank around, its new chairman said on Wednesday.
July 29 - Barclays Plc is laying off the heads of its European asset-backed securities sales (ABS), trading, and research units as the bank scales back its European ABS business in London, Bloomberg reported.
LONDON, July 29 - Barclays Finance Director Tushar Morzaria said he doesn't expect the bank to have to raise capital from shareholders after it reported second-quarter results that were ahead of expectations.
July 28 - The following financial services industry appointments were announced on Tuesday. To inform us of other job changes, email firstname.lastname@example.org.