Barclays

Walker Crips has poached two more stockbrokers from Barclays as it expands its investment team.

US high yield bond funds and ETFs have seen record outflows this week, according to Lipper data, amid a spike in yields for the asset class in both the US and UK.

Bailed out by the taxpayer but still paying what many consider to be huge bonuses, banks continue to come under fire. But are they really that bad?

Barclays said today its underlying profits for the first half of the year had fallen 7% after a drop in investment bank revenue, while it also reported another huge bill to compensate PPI customers.

Barclays will scrap its 6,500-strong cashier team in October, converting them into 'community bankers' with iPads.

UK equity income managers have found their early purchases of Lloyds Banking Group thwarted by a longer than expected delay in the bank restarting dividend payments.

High street banks are using Wonga-style bullying letters to chase customers for payments.

Barclays' share price has fallen 5% this morning following news US prosecutors has initiated a fraud case against the bank.

Jupiter's Maarten Slendebroek

Asset managers are likely to engage in a "fundamental rethink" of their retail strategies as more customers go direct in future, according to analysts at Barclays.