Two brokers at a Beverly Hills office of Bank of America's Merrill Lynch must collectively return more than $6.6m in signing bonuses to Barclays Capital for leaving the firm's U.S. broker unit after working only three-and-a-half months, a regulatory panel has ruled.
Barclays is a British multinational banking and financial services company headquartered in London, United Kingdom. It is a universal bank and is organised within two business 'clusters': Corporate & Investment Banking and Wealth Management, and Retail & Business Banking.
She bought poison after mother banned her from marrying a man she met on the internet.
Barclays has banned employees from giving or receiving gifts and entertainment from brokers as the bank tightens internal controls.
Three former Barclays traders charged in the U.K. with manipulating Libor sued the bank in a U.S. court claiming it’s obligated to keep paying their legal fees under a law protecting whistle-blowers.
Barclays has settled a lawsuit with London trading firm CF Partners after a judge found that the British bank had misused confidential information during its acquisition of a Swedish carbon trading company.
Barclays is resisting efforts by the U.K. Serious Fraud Office to make it disclose documents linked to the bank’s 2008 fundraising the bank says are legally privileged, said three people with knowledge of the matter.
A U.K. probe into Barclays Plc's dealings with Qatar’s sovereign-wealth fund during the financial crisis has shifted to look at whether transactions were properly disclosed, the Financial Times reported.
Regular readers of Bank Return, the Bank of England’s weekly summary of its assets and liabilities, can probably be counted only in the dozens these days. But it was not always so.
Barclays agreed to a settlement with U.S. regulators, who charged the firm with systemic compliance failures after it acquired Lehman's advisory unit.
The deputy governor of the Bank of England has called for better co-operation with US regulators over the scale of fines being levied on banks to ensure they do not weaken their financial position.
A former Barclays Plc unit managing director in Latin America sued the company over its pullback from the region, claiming the bank broke a contract with him and violated New York human rights laws for allegedly discriminating against employees of Latin American descent.
Three technology stock traders have left the Boston office of Steven A. Cohen’s nearly $10bn family office over the last week in a new round of defections at a firm that is still dealing with the fallout from a significant insider trading investigation.
John McFarlane appointed to succeed Sir David Walker as Chairman.
eFinancialCareers reports that one of the more interesting things to emerge of the series of financial scandals is that, even now, trading floor banter remains a cross between a frat house and a rugby team.
Barclays has launched a long-anticipated sale process for its Index, Portfolio and Risk Solutions (IPRS) business, which could yield around $400m for the UK bank, according to people familiar with the matter.
Barclays has named Jonathan Glionna as its head of U.S. equity strategy research.
An airport supremo and the former boss of the group behind the Financial Times are in the running to become the new chairman of Barclays, it has emerged.
Barclays had a 23% rise in the number of U.S. shares traded in its dark pool, edging the bank to the cusp of top 10 venues after volume collapsed when it was sued for allegedly lying to customers.
Barclays will announce its full year results on 12 February 2013, which will contain the following additional provisions relating to IRHP and PPI:
New York Attorney General reasserted allegations that bank employees misled clients about their exposure to high-speed and potentially predatory market participants.
Barclays, HSBC and bailed-out Royal Bank of Scotland are among 13 banks facing fraud allegations and a claim for $1.15bn (£700m) in damages in the US state of Virginia over the sale of mortgage bonds during the financial crisis.
More pain to come.