News 24 hours ahead of earnings that regulators had lowered capital buffers at the bank provided tailwind for an otherwise mixed report.
Shares had already been battered on 24 April, the day before results, when McEwan announced he would leave the job within a year, once a successor is found.
Barclays shareholders are getting a say this Thursday on whether the Corporate and Investment Bank division is ultimately a crown jewel, or a dangerous liability.
News around Brexit has sent the FTSE 350 Financial Services index on a rollercoaster ride that looks set to continue
The UK’s Financial Conduct Authority has said it will push forward with granting SMEs access to its dispute resolution arm, the Financial Ombudsman Service.
Crypto payments processor The Auto Block has set out plans for a proprietary currency to buy cars, and is looking into using the blockchain for monthly payments in leasing contracts.
Barclays will roll out MarketInvoice’s offering, which includes the capability for customers to sell on invoices to investors, UK-wide by 2019.
Investors in the the bank’s UK SME Debt Fund will be able to tap into unsecured loans between €500,000 (€445,000) and €5,000,000, originated through the SME Alternative Financing platform.
While the merger is likely to make Virgin Money’s plans to enter the SME banking market redundant, CYBG said it would move SME products under the brand in the future.