Jeb Bush to quit Barclays bank as speculation over 2016 presidential race heats up December 18, 2014 In further signs that he is preparing to run for the presidency of the United States former Florida governor Jeb Bush is leaving his position at Barclays bank, according to the Financial Times. The brother of America's 43rd President George W. Bush recently announced that he would "actively explore the possibility of running for President [...]
Barclays among 10 banks fined for abusing research to win deals December 11, 2014 TEN GLOBAL banks were fined a total of $43.5m (£27.7m) by US regulators yesterday for their attempts to misuse analysts’ research to gain lucrative jobs on Toys R Us’ attempted stock market flotation in 2010. Analysts’ research is supposed to be a neutral assessment of a floating stock’s value. But the Financial Industry Regulation Authority (Finra) said [...]
Autumn Statement 2014: Shares in RBS, Lloyds, HSBC and Barclays fall as chancellor outlines profit measures December 3, 2014 Shares in UK banks dropped in early afternoon trading as George Osborne outlined measures to limit the amount of profit lenders can offset by losses. In his Autumn Statement speech, Osborne said he would limit offests to 50 per cent, and delay relief on bad debts, which he added will raise £4bn for the Treasury [...]
Barclays to place ISS shares worth £300m December 2, 2014 Barclays was last night in the market with 13.5 per cent of the stock in ISS, the cleaning and catering group that floated earlier this year in the largest Danish IPO for 20 years. The bank acted on behalf of shareholders to buy the block in a deal worth around £300m and will be placing [...]
Barclays unwraps video-link service November 30, 2014 BARCLAYS took a leap into the future yesterday by unveiling the UK’s first known face-to-face video banking service. Barclays Premier account holders will get access to the service on 8 December with other customers having to wait until next year to use the service, which lets them talk to Barclays staff over a video link [...]
FaceTime with your bank? Barclays is venturing into video banking for busy customers in major online move November 30, 2014 Barclays is making another major move into digital with the launch of a video banking service that will let customers speak face to face with advisers instead of visiting a bricks and mortar branch. The bank will offer a round the clock service to better fit in with people’s lives in what it says is [...]
Barclays-backed firm Third Energy plans to start fracking in North Yorkshire November 25, 2014 Gas company Third Energy has applied for planning permission to begin fracking in North Yorkshire. The firm, a startup backed by Barclays, first drilled the KM8 well at its Kirby Misperton in 2013. Chief executive Rasik Valand said: “Our analysis indicates that there could be a significant new gas reservoir in our North Yorkshire licence [...]
Forex rigging scandal: Record fines doled out to banks but Barclays refuses to play ball November 12, 2014 Five global banks were fined yesterday by UK and US regulators, in a record £2bn punishment for traders fiddling crucial foreign exchange benchmarks from 2008 to 2013. The fines were particularly stiff because some of the manipulation took place after attempts at Libor fiddling had already been exposed. Barclays stood out yesterday, having not yet [...]
Barclays share price leaps and bank shares rise as Bank of England recommends raising leverage ratio for UK banks October 31, 2014 The Bank of England (BoE) has revealed proposals to increase the leverage ratio of UK banks to ensure they have a larger safety net to fall back on in the event of another financial crisis. The tough new measures will force banks to keep capital of up to 4.95p for every £1 they lend by [...]
How much have RBS, Barclays, JP Morgan, Citigroup, UBS and HSBC set aside for potential costs from the FCA forex market rigging probe? October 31, 2014 RBS is the latest bank to set aside a hefty pot of cash for the potential costs of settling with the City regulator after a major investigation into the manipulation of forex markets. The bank revealed that figure stands at £400m in its third quarter results today. It’s a large sum, but by no means [...]