Barclays Bank

Barclays Bank

Barclays has put its $1.25 billion share buyback plan on hold until talks with U.S. regulators over a major trading blunder have been resolved, piling early pressure on the British bank's new Chief Executive C.S. Venkatakrishnan.

This setback comes as Barclays faces intense scrutiny and potential penalties for the trading mishap. The bank's reputation is at stake, and investors are closely watching the outcome of the regulatory discussions. The decision to halt the share buyback plan reflects the bank's commitment to resolving the trading blunder and ensuring compliance with regulatory requirements.

Barclays' new Chief Executive, C.S. Venkatakrishnan, faces a challenging task in navigating through this crisis. The bank's shareholders and stakeholders are eagerly awaiting a resolution that will restore confidence in Barclays' operations and governance. As the discussions with U.S. regulators progress, all eyes will be on Barclays and its ability to address the trading blunder effectively.