BREAKING NEWS

Barclays

Business

Barclays fined 103m euros for failing to run checks on rich clients

Barclays has been fined 72 million pounds (103 million euros) for failing to run proper checks on rich clients to prevent financial crime. Britain’s

Barclays has been fined 72 million pounds (103 million euros) for failing to run proper checks on rich clients to prevent financial crime. Britain’s

Business

Barclays to cut jobs - reports

Over 35,000 jobs are set to go at Barclays Bank. That’s according to the Times newspaper which reports the redundancy programme could lead to the

Over 35,000 jobs are set to go at Barclays Bank. That’s according to the Times newspaper which reports the redundancy programme could lead to the

News

Five global banks to pay €5 billion for rate rigging

Five of the world’s biggest banks have been fined over 5 billion euros. Four of the banks: Citigroup, JP Morgan Chase, Royal Bank of Scotland and

Five of the world’s biggest banks have been fined over 5 billion euros. Four of the banks: Citigroup, JP Morgan Chase, Royal Bank of Scotland and

Business

Five global banks fined €5-bln over rate rigging

Five of the world’s biggest banks will pay nearly five billion euros to US and British authorities for manipulating foreign exchange rates. Four of

Five of the world’s biggest banks will pay nearly five billion euros to US and British authorities for manipulating foreign exchange rates. Four of

Business

Sharp fall in Barclays Bank profits

The CEO of Barclays Bank, Antony Jenkins, accepted his first bonus since taking office three years ago despite a sharp drop in profits at the

The CEO of Barclays Bank, Antony Jenkins, accepted his first bonus since taking office three years ago despite a sharp drop in profits at the

Business

Barclays sells out in Spain to Caixabank

The axe was expected to fall on Barclays European operations, and now it has, with the British bank’s Spanish interests being sold off for 800

The axe was expected to fall on Barclays European operations, and now it has, with the British bank’s Spanish interests being sold off for 800

Business

Barclays trio to be charged with Libor fraud

The Serious Fraud Office in London is pressing criminal charges against three former Barclays bank employees over alleged manipulation of interest

The Serious Fraud Office in London is pressing criminal charges against three former Barclays bank employees over alleged manipulation of interest

Business

Barclays see profit drop with early release of headline figures

Barclays have seen a drop in profits last year by a quarter to 5.2 billion pounds sterling – almost 3.5 billion euros. The figures missed analysts

Barclays have seen a drop in profits last year by a quarter to 5.2 billion pounds sterling – almost 3.5 billion euros. The figures missed analysts

Business

Barclays latest problems focused on forex manipulation claims

Barclays has said it is cooperating with regulators investigating possible manipulation of currency trading. Britain’s third-biggest bank is

Barclays has said it is cooperating with regulators investigating possible manipulation of currency trading. Britain’s third-biggest bank is

Business

Barclays capital shortfall bigger than feared

Barclays shares plunged further on Tuesday as it announced plans to raise 5.8 billion pounds (6.7 billion euros) from its shareholders. The sale of

Barclays shares plunged further on Tuesday as it announced plans to raise 5.8 billion pounds (6.7 billion euros) from its shareholders. The sale of

Business

Barclays to fight power manipulation fine

Barclays has said it will fight the record fine imposed on it by a US energy regulator over the alleged manipulation of power markets in California

Barclays has said it will fight the record fine imposed on it by a US energy regulator over the alleged manipulation of power markets in California

Business

Barclays axes 3,700 jobs

Barclays is cutting at least 3,700 jobs as part of its revival plan, with many of those in Europe. New Chief Executive Antony Jenkins, who is

Barclays is cutting at least 3,700 jobs as part of its revival plan, with many of those in Europe. New Chief Executive Antony Jenkins, who is

Business

Barclays to announce huge cost cuts

British bank Barclays is reportedly to cut 2,000 jobs from its investment banking business. New boss Antony Jenkins is set to unveil plans to slash

British bank Barclays is reportedly to cut 2,000 jobs from its investment banking business. New boss Antony Jenkins is set to unveil plans to slash

Business

Is Qatar's interest in Europe fading?

Not yet, Qatar Holding, the Emirate’s sovereign wealth fund, has decided to cash in 379 million unit warrants (debt convertible to stocks) in

Not yet, Qatar Holding, the Emirate’s sovereign wealth fund, has decided to cash in 379 million unit warrants (debt convertible to stocks) in

Business

Barclays faces fresh US investigations

Further legal problems for Barclays. After its reputation was damaged by the Libor interest rate rigging scandal, the British bank is now being

Further legal problems for Barclays. After its reputation was damaged by the Libor interest rate rigging scandal, the British bank is now being

Business

Barclays buys ING Direct

As promised last summer by its new CEO, Barclays is beefing-up its retail banking business. Britain’s second bank agreed to buy ING Direct UK, the

As promised last summer by its new CEO, Barclays is beefing-up its retail banking business. Britain’s second bank agreed to buy ING Direct UK, the

Business

Barclay's African growth plans

Barclays is planning to speed up its expansion in Africa by merging with its South-African subsidiary Absa. Together, the two banks have 14 million

Barclays is planning to speed up its expansion in Africa by merging with its South-African subsidiary Absa. Together, the two banks have 14 million

Business

Libor scandal prompts overhaul by UK regulator

Britain’s financial regulator has launched plans to overhaul Libor, the process used to determine inter-bank interest rates. Libor’s credibility

Britain’s financial regulator has launched plans to overhaul Libor, the process used to determine inter-bank interest rates. Libor’s credibility

Europe

Rate-fixing bankers should face criminal charges, EU says

Rate-fixing bankers should be treated as criminals, the European Commission said on Wednesday. That is the view of the EU’s executive amid public

Rate-fixing bankers should be treated as criminals, the European Commission said on Wednesday. That is the view of the EU’s executive amid public

Business

More banks to pay dear for Libor fixing

The Financial Times is reporting that as well as Barclays, another 11 global banks will be implicated in the Libor scandal. And according to

The Financial Times is reporting that as well as Barclays, another 11 global banks will be implicated in the Libor scandal. And according to

Business

Barclays' Diamond waves millions in pay-off

Barclays ex-Chief Executive Bob Diamond has waived his bonus this year as well as various share and other awards totalling up to 25 million euros

Barclays ex-Chief Executive Bob Diamond has waived his bonus this year as well as various share and other awards totalling up to 25 million euros

Business

Libor scandal probes spread

Britain’s anti-fraud investigators are to look into the Libor interest rate-rigging scandal. The Serious Fraud Office probe comes after Barclays

Britain’s anti-fraud investigators are to look into the Libor interest rate-rigging scandal. The Serious Fraud Office probe comes after Barclays

Business

Business gone - Barclays to blame?

One person with little reason to trust banks is British businessman Mike Lloyd, part owner of a group running 12 pubs in southern England. He says

One person with little reason to trust banks is British businessman Mike Lloyd, part owner of a group running 12 pubs in southern England. He says

News

Diamond before UK parliament over Barclays Libor scandal

Ex-chief executive of Barclays Bank Bob Diamond is appearing in front of a UK parliament committee to answer questions about the bank’s role in

Ex-chief executive of Barclays Bank Bob Diamond is appearing in front of a UK parliament committee to answer questions about the bank’s role in

News

Diamond loses sheen and quits Barclays

Bob Diamond, the Chief Executive of Barclays Bank, has resigned. The 60-year-old American had faced an orchestrated call for his head in the wake

Bob Diamond, the Chief Executive of Barclays Bank, has resigned. The 60-year-old American had faced an orchestrated call for his head in the wake

News

Barclays chairman quits - other banks face probe

Barclays chairman Marcus Agius was tight-lipped and in sombre mood as he left his London home and refused to answer questions following his

Barclays chairman Marcus Agius was tight-lipped and in sombre mood as he left his London home and refused to answer questions following his

Business

UK bank scandal spreads, gets costlier

Royal Bank of Scotland is reportedly set to be fined 186 million euros for the same Libor interbank interest rate rigging scandal that has hammered

Royal Bank of Scotland is reportedly set to be fined 186 million euros for the same Libor interbank interest rate rigging scandal that has hammered

Business

Barclays Libor scandal first of many

The Barclays interbank rate manipulation case has sent fresh shockwaves through the European banking industry and could cost lenders dear. For

The Barclays interbank rate manipulation case has sent fresh shockwaves through the European banking industry and could cost lenders dear. For