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Barclays CEO Whistle-Blower Probe Is Said to Take Until December

LAGOS (Capital Markets in Africa) – U.K. regulators probing Barclays Plc Chief Executive Officer Jes Staley’s attempts to unmask a whistle-blower will probably take until the end of the year to conclude their investigation, people with knowledge of the process said. The Financial Conduct Authority expects to reach a final decision on Staley’s fate in December, said the people, who asked not to be identified speaking about an open case. That would be two months later than the original October…

Barclays Rejected Zimbabwe Management-Buyout Bid in Favor of FMB

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – An offer for Barclays Plc’s Zimbabwe unit by its management and backed by funds from the country’s social security agency lost out to Malawi’s First Merchant Bank Ltd. It’s a “shame” that Barclays Bank of Zimbabwe Ltd. didn’t stay with local investors, National Social Security Authority Chairman Robin Vela said by phone from the capital, Harare, on Monday, confirming that the agency was willing to fund the deal. “Barclays…

Barclays Africa Hit by Protesters Demanding Apartheid-Era Money

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Barclays Africa Group Limited was targeted by protesters who entered one of its branches on Thursday and demanded the bank pay back money from a bailout provided to a company it bought before the end of apartheid. Demonstrators linked to the youth league of South Africa’s ruling African National Congress gathered outside the branch in Durban on South Africa’s east coast, Johannesburg-based Barclays Africa said in an e-mailed response to questions….