Market Chatter: Barclays Plans $1 Billion Renovation of New York Building

MT Newswires Live

Sep 15

Barclays (BCS) is planning to spend at least $1 billion to renovate its regional headquarters in New York's Times Square, Bloomberg reported Monday, citing a person familiar with the matter.

Construction is set to begin in the middle of next year and expected to finish in 2030, the report said.

Barclays is not the only bank renovating its office space in New York City, as JPMorgan Chase (JPM) is replacing its Park Avenue headquarters with a more modern building while Citigroup (C) completed the renovation of its building in Tribeca in 2020, according to Bloomberg.

Barclays did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2242649171.HKD","symbol_name":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2567902112","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2567902112","pubTimestamp":1757942288,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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