Barclays, the British multinational investment bank and financial services company, saw a significant increase in the distribution of its shares on the stock market following the announcement of a major strategic overhaul.
Barclays, a renowned global investment bank, has downgraded the stock of electric vehicle (EV) manufacturer Rivian as it warns of an impending “EV winter.” This move comes as the market for EVs faces challenges amidst increasing competition and supply chain disruptions. Analysts at Barclays cite concerns over potentially slower growth and profitability for Rivian in the years ahead.
London, UK – In a monumental step towards combatting climate change, Barclays, one of the world’s largest banks, has declared its intention to discontinue direct financing of new oil and gas fields. This decision comes as part of the bank’s commitment to aligning its activities with the goals set in the Paris Climate Agreement.
In a bid to reassure investors and stakeholders, the Chief Executive Officer (CEO) of Barclays, James E. Staley, took a strong stance defending the crucial role played by investment bankers. As the company prepares for its upcoming Investor Day, Staley emphasized the value and contribution of these professionals to the financial industry.
