{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Barclays is currently facing a significant outage affecting mobile banking, online services, and payment processing, which began around 9 a.m. GMT. Customers are experiencing difficulties accessing accounts and making transactions, coinciding with the UK’s self-assessment tax return deadline. The bank has acknowledged the issues and is working to resolve them, but no timeline for restoration has been provided. Customers are advised to check the Service Status page for updates and consider using physical branches or ATMs for urgent banking needs.
In January, five analysts assessed UBS shares, with four recommending a buy and one suggesting to hold. The average price target is CHF 33.40, indicating a potential increase from the current price of CHF 32.34. The six-month rating trend remains positive, favoring a buy.
Bidzina Ivanishvili, a billionaire and former prime minister of Georgia, is embroiled in ongoing litigation against Credit Suisse after over $1 billion was misappropriated from his accounts by a bank employee. Following a court ruling in Singapore that ordered the bank to pay $500 million in damages, Ivanishvili is now pursuing further claims in Bermuda and Switzerland. His relationship with Julius Baer has soured, as he suspects the bank and hedge funds are colluding against his interests, failing to provide necessary information and meet investment deadlines.
Barclays is facing a significant IT outage affecting its app, online banking, and payment systems, leaving customers unable to make essential transactions on a critical payday and tax return deadline. Many have reported declined cards and missing wages, with some unable to move into new homes. The bank has apologized and is working to resolve the issues, but frustration among customers is growing as they struggle to access their funds.
Barclays is facing significant backlash from customers due to a major IT outage on a crucial tax deadline day, causing issues such as declined transactions and inaccessible funds. Affected individuals report being unable to move into new homes and struggling to access savings for essential purchases. While HMRC assures that penalties for late tax returns won't apply until March, Barclays is working to resolve the situation and ensure customers are not financially impacted.
Barclays is facing a significant IT outage affecting its App, Branches, and Online Banking on a critical payday and tax deadline day. Customers are experiencing issues with card transactions, cash machines, and the inability to access messaging or telephone support. The bank's technology team is actively working to resolve the problems, with no clear explanation provided yet.
UBS shares fell 0.3% to CHF 32.30, with trading volume reaching 2,764,435 shares. The stock is currently 0.74% below its 52-week high of CHF 32.54 and 43.36% above its low of CHF 22.53. The company reported earnings per share of CHF 0.39 for Q3 2024, with a turnover of CHF 18.86 billion, reflecting a slight decline from the previous year.
Deutsche Bank has upgraded Pennon to 'hold' from 'sell' and raised its price target to 570p from 490p, following a £490m rights issue. The stock has performed well post-announcement, and despite a material dividend cut, it is expected to yield around 6%, surpassing peers United Utilities and Severn Trent.
Nordea Bank Abp reported quarterly earnings of $0.34 per share, falling short of the $0.37 consensus estimate by $0.03. The bank's net margin stood at 19.28%, with a return on equity of 16.41%. Despite a trading volume of 152,821 shares, the stock price dipped to $12.20, reflecting a market cap of $42.73 billion and a PE ratio of 7.92.
UBS CEO Sergio Ermotti warns that stricter capital requirements could harm both the bank and the Swiss economy, leading to higher costs for households and businesses. He advocates for balanced regulation that maintains UBS's international competitiveness while addressing systemic risks. Ermotti emphasizes the importance of a sustainable business model and the need for a fact-based discussion on the costs and benefits of proposed regulations.
Banking Regulations
SubCategory
Barclays faces major outage disrupting banking services for customers nationwide
19:41 31.01.2025
analysts bullish on UBS shares with average target of CHF 33.40
18:52 31.01.2025
georgian billionaire battles swiss banks over lost investments and alleged conspiracy
United States Dollar
Credit Suisse High Yield Bond Fund, Inc.
Julius Bär Gruppe AG
GBR
BMU
SGP
Patrice Lescaudron
Bidzina Ivanishvili
Show more
18:50 31.01.2025
barclays customers face difficulties accessing funds amid major it outage
18:49 31.01.2025
barclays faces backlash over major outage on tax deadline day
18:49 31.01.2025
barclays faces major it outage on critical payday and tax deadline
18:44 31.01.2025
ubs shares decline as turnover drops and earnings show mixed results
17:44 31.01.2025
deutsche bank upgrades pennon to hold following rights issue announcement
British Pound Sterling
Pennon Group Plc
United Utilities Group PLC
Severn Trent PLC
National Grid plc
Deutsche Bank RV Global PP
GBR
Show more
16:54 31.01.2025
nordea bank reports quarterly earnings miss with lower than expected eps
16:48 31.01.2025
UBS CEO warns against excessive capital requirements for Swiss financial stability
16:47 31.01.2025
Trending
Subcategory:
Corporate News
Stock Market Updates
Industry Trends
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Global Financial Events
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
European Securities and Markets Authority
Government Policies
CEO Changes
Financial Scams and Security
Private Equity Deals
Government Economic Policies
Domestic Politics
Central Bank Actions
Global Trade Developments
Workplace Trends
Market Analysis and Predictions
Countries:
Companies:
Currencies:
People:
DEUTSCHE BANK AG
Barclays plc
Natwest
UBS AG
Berkshire Hathaway Inc.
MERCK KGaA
Lloyds Banking Group plc
Hsbc Holdings B.V.
HSBC Holdings plc
Rheinmetall AG
Banco Santander SA
Standard Chartered
Delivery Hero SE
Huawei Technologies CO. Ltd.
Wells Fargo & Company
ING Groep N.V.
Unicredit
adidas AG
Google Inc.
Dell Technologies Inc.
United States Dollar
Euro
British Pound Sterling
Indian Rupee
Swiss Franc
Hong Kong Dollar
Japanese Yen
South Korean Won
Chinese Yuan
Canadian Dollar
Saudi Riyal
Australian Dollar
United Arab Emirates Dirham
Russian Ruble
South African Rand
Nicaraguan Córdoba
Indonesian Rupiah
Qatari Riyal
Pakistani Rupee
Egyptian Pound
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.