AnaCap to acquire €177m loan portfolio from Barclays

AnaCap has big plans for France

Private equity firm AnaCap Financial Partners will acquire a portfolio of Italian performing and non-performing corporate secured loans from Barclays. The portfolio, which has a gross book value of €177 million, comprises loans to primarily small and mid-sized corporates secured against real estate located mostly in the north of Italy. The agreement follows AnaCap’s Credit […]

Barclays to overhaul back office ops & set up standalone entity, Barclays Services


Barclays is embarking on a major back office operations overhaul, with the creation of a standalone company, Barclays Services. It will support the operations of the bank’s retail and investment businesses once they are formally separated.

Barclaycard trials contactless donations to tap into £80m shortfall


Barclaycard is trialling contactless donations as it says charities may be missing out on more than £80 million each year by only accepting cash donations. According to its research, four in ten (42%) Brits say they carry less cash now than they did three years ago. While, one in seven (15%) people admit to walking […]

Top fintech stories this week – 16 December 2016

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

AnaCap to acquire Barclays’ French retail banking & wealth management ops, complete IT overhaul planned

AnaCap has big plans for France

AnaCap Financial Partners, a UK-based private equity firm, is set to acquire Barclays’ French retail banking business, life insurance business, wealth and investment management and brokerage operations.

Alipay partners with major European banks and payment provider

Chinese tourists

Alipay, one of the world’s largest online and mobile payment platforms, has inked deals with BNP Paribas, Barclays, UniCredit, and SIX Payment Services to drive the European expansion.

Sofgen assists Bank of Singapore with integration of Barclays’ wealth business


Bank of Singapore has completed the acquisition of the wealth and investment management business of Barclays in Hong Kong and Singapore. The combined entity has more than $75 billion of assets under management (AUM) and nearly 400 specialist bankers.

RBS fails Bank of England stress test

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Royal Bank of Scotland (RBS) has failed a Bank of England (BoE) stress test on how it would cope with another financial crisis. Two other banks – Barclays and Standard Chartered – also failed on some measures but do not have to submit revised capital raising plans. The tests were put in place by BoE […]

Barclays launches online investing service


Barclays has unveiled a new online direct investing service to let its customers view their investments, savings and current accounts in one place through a single log-in. The bank says it has introduced a new fee structure, which is “free from hidden charges”. There is one fee and one transaction charge – and common charges […]

Barclays UK launches first contactless cash service


Barclays is launching the UK’s “first” contactless mobile cash service. Customers can withdraw up to £100 in-branch, with a tap of their Android smartphone or contactless debit card. Ashok Vaswani, CEO of Barclays UK, says its customers “now expect to be able to use their smartphone to make their everyday purchases” and “we want taking […]