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Barclays men mostly promoted to managing director of investment bank By Reuters

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© Reuters. FILE PHOTO: The Barclays logo appears in front of the stock chart shown in this illustration taken on June 21, 2017. REUTERS/Dado Rovik/Illustration/File Photo

Written by Stefania Spizzati, Lawrence White, and Ian Withers

LONDON (Reuters) – Barclays said on Thursday it had promoted 85 people to the position of general manager at its investment bank, with men holding the most coveted titles this year.

Banks have been pressured by a poor track record on gender equality, particularly at higher levels, and the British finance sector has one of the largest gender pay gaps.

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Based on professional social media accounts reviewed by Reuters online, about 85% of the employees promoted at its investment bank on this year’s list are male. Barclays (LON:) Refused to comment on the account.

It did not provide guidance on the number of women promoted, which has been a source of criticism in past years. Nor did it provide details of which part of the touted investment bank it operated in, as it had in previous years.

With women making up only about 15% of promotions, the numbers show Barclays is a step behind in this regard.

In 2018, when Barclays announced gender distribution in its promotions, 27% were women, up from 23% a year earlier.

Meanwhile, Barclays plc, which includes the lender’s investment bank, had an average pay gap of 43% in favor of men in 2021, according to the bank’s pay gap report.

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Barclays has said it aims to have 33% of board members and directors female by 2025. The figure stood at 28% globally as of the end of last year, according to the bank’s 2021 Diversity and Inclusion Report.

These promotions come a day after Barclays announced a high-level management reshuffle, to upgrade the head of the retail banking company, Alistair Currie, to Chief Operations Officer.

Investment bank Barclays has been a source of contention in recent years, after former chief executive Jes Staley pushed back an activist investor who wanted to shrink the unit.

Recent offerings have tended to validate the investment bank, as they did in the third quarter of this year, when a boom in fixed-income trading helped it beat market estimates.

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MicroStrategy is at its lowest level since 2020 after the sales were revealed

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(Bloomberg) — Shares of MicroStrategy touched their lowest level since August 2020 after the enterprise software company, which in recent years has been known as the largest buyer of bitcoin, revealed its first sale of the token.

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The stock fell 1.1 percent to $136.63 on Thursday, down 75 percent this year. Bitcoin rose less than 1% to around $16,590 and is believed to have fallen 64% since the start of the year.

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In a filing on Wednesday, MicroStrategy said it acquired approximately 2,395 Bitcoin between the beginning of November and December 21 through its subsidiary MacroStrategy, and paid out approximately $42.8 million in cash. It then sold 704 of the tokens on Dec. 22 for a total of about $11.8 million, citing tax purposes, before buying another 810 of them two days later.

Matt Malley, chief market strategist for Miller Tabak + Co. Step down as CEO. This news means they don’t seem to want to do that anytime soon.”

Overall, MicroStrategy held about 132,500 bitcoins worth over $4 billion USD as of December 27th. The company paid an average purchase price of $30,397 per bitcoin.

“Given MicroStrategy’s $2.4 billion in leverage, we believe the company may have a lot of leverage over Bitcoin, and may face some liquidity risk,” Jefferies analyst Brent Thiel wrote in a note on Wednesday. Thill has an “underperform” rating on the stock and a price target of $110.

Over the years of the pandemic, MicroStrategy has become well known for its Bitcoin takeovers, largely led by Saylor. Earlier this year, Saylor stepped down from that role and now serves as CEO at the company and continues to lead its bitcoin strategy.

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MicroStrategy was trading around $120 before Saylor first announced the company’s Bitcoin purchases in 2020. The stock reached an all-time high of $1,315 in February 2021.

(Updates to include the stock’s closing price in the second paragraph.)

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Bankman-Fried May File Petition in New York Federal Court Next Week Before Judge Louis Kaplan By Cointelegraph

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Former FTX CEO Sam Bankman-Fried is set to appear in court on the afternoon of January 3 to enter a lawsuit over two counts of wire fraud and six counts of conspiracy against him related to the collapse of cryptocurrency exchange FTX, according to Reuters. mentioned on December 28, citing court records. Bankman-Fried will appear before District Judge Lewis Kaplan in Manhattan.

Judge Kaplan was appointed to hear the case on December 27 after the original judge in the case, Ronnie Abrams, Resigned herself because of connections between FTX and the law firm Davis Polk & Wardwell, where her husband is a partner. The company provided advisory services to FTX in 2021.