Barclays PLC - BCS STOCK NEWS

Barclays Bank PLC has announced the suspension of sales for its iPath^® Series B Bloomberg Natural Gas Subindex Total Return^SM ETNs (Ticker: GAZ) effective April 25, 2022, due to insufficient capacity under its shelf registration. This suspension may affect the market value of the ETNs, potentially causing fluctuations between indicative value and trading prices. Daily redemptions by holders remain unaffected. Barclays plans to reopen sales once additional capacity is established under a new registration statement filed with the SEC.

Barclays has announced an increase in its minimum hourly pay rate in the United States to $20.50, up from $17.00, effective March 2022. This change will benefit over 900 employees, primarily at Barclays US Consumer Bank. The move reflects the bank's commitment to competitive pay and retaining top talent as it aims to expand its US operations. CEO Richard Haworth emphasized this investment in people as crucial for delivering quality service to clients. Additionally, Barclays has enhanced employee health and well-being benefits, reinforcing its Fair Pay Agenda.

Barclays has appointed Graham Warner as the new Americas Head of International Corporate Banking, effective June. Reporting to Phil Bowkley, Graham will lead the strategy and execution for the International Corporate Banking division in the Americas, enhancing their corporate banking capabilities. With 13 years of experience at Deutsche Bank and a strong background in cash management, his appointment is part of Barclays' commitment to expanding its Corporate Banking franchise in the region.

Barclays Bank PLC has suspended further sales and issuances of the iPath^® Pure Beta Crude Oil ETNs (OIL) and the iPath^® Series B S&P 500 VIX Short-Term Futures ETNs (VXX) effective March 14, 2022, due to insufficient issuance capacity. This suspension may lead to fluctuations in the trading value of the ETNs, which could trade at a premium or discount. Daily redemptions by holders will remain unaffected. Barclays plans to resume sales when capacity allows. Investors should be aware of the risks associated with these ETNs, including the potential for significant losses.

Barclays has appointed Urvashi Batra as the new Head of Equities Electronic Trading Americas. Batra will enhance the strategic direction of Barclays’ electronic equities client offerings, collaborating across the Markets Division. She joins from JPMorgan, where she served as Americas Head of Electronic Trading Solutions. This move aligns with Barclays’ focus on digitalization, aiming to make its Markets business electronic-first. The recent 2021 earnings report highlighted a 20% rise in Equities income to approximately £3bn, driven by strong client activity and financing balances.

Barclays Bank PLC announced a domain change for its iPath® Exchange-Traded Notes (ETNs) from www.ipathetn.com to ipathetn.barclays. The previous domain is no longer owned by Barclays, and any content on it is not affiliated with Barclays. Investors are advised to visit the new site for updated information. The press release also highlights potential risks associated with investing in iPath ETNs, including no principal protection and the possibility of losing some or all of the investment.

Barclays has been named Prime Broker of the Year by Risk Magazine, highlighting its strong performance and strategic focus over the last five years. This accolade follows extensive evaluations by the magazine's editorial team. Barclays' global prime brokerage services encompass financing for equities and fixed income, among others, and it now ranks #5 globally, an improvement from #9 in 2016. The firm's integrated and technology-driven approach has contributed to its success, with leaders expressing optimism for continued growth in 2022.

Barclays Bank PLC announced a change in the ticker symbol for its iPath® Shiller CAPE™ Exchange Traded Notes (ETNs) from CAPE to CAPD. This change will take effect before trading begins on February 24, 2022. Potential investors need to consider various risks associated with the ETNs, which are unsecured debt obligations with no principal protection. The investment risks include potential loss of principal and market volatility. For further details, investors are encouraged to consult the prospectus and seek advice from financial advisors.

Barclays Bank PLC has announced an extension of the waiver for the minimum redemption size for certain equity and commodity Exchange Traded Notes (ETNs). This change becomes effective after trading closes on February 28, 2022, and will remain until further notice. The minimum early redemption size for the affected ETNs is set at 5,000 units. Barclays will notify ETN holders at least ten days before modifying or removing the waiver. The ETNs carry significant risks, including the potential loss of principal, and are not guaranteed by third parties.