Barclays has suspended its sponsorship of several leading UK music festivals due to backlash over its financial services to defense companies supplying Israel. The bank's ties to Israel led to protests, resulting in the suspension of sponsorship for all Live Nation UK festivals. Additionally, Barclays' UK corporate bank plans to cut 100 million pounds of costs by 2026 and has removed a 5-pound perk for millions of customers in a recent shake-up.
Barclays has suspended its sponsorship of UK Live Nation festivals for 2024 following protests over the bank's ties to Israel https://t.co/NZRpKV6kej https://t.co/7Tfl3VGIQp
Barclays axes £5 perk for millions of customers in shake-up https://t.co/hx30RtJFV9
Barclays' UK corporate bank to cut 100 mln pounds of costs by 2026 https://t.co/SManpKoMV3 https://t.co/j4soxWW1cq
Following protests against the bank's ties to Israel, @Barclays has suspended its sponsorship of all @LiveNationUK festivals. Read the news https://t.co/qnG7GjoQj0
Barclays said it has suspended its sponsorship of several leading UK music festivals, after backlash at the bank's provision of financial services to defence companies supplying Israel. https://t.co/w0EV9uCiv4