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 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.
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.
Legal language of contracts are being poured through.
Barclays CEO Antony Jenkins told CNBC the bank has a strong defense to allegations it used its private trading system to benefit high-speed traders.
Barclays is to be fined £38m for breaching City rules requiring clients’ funds to be kept separate from its own assets, in what is expected to be the largest fine for such an offence.
Barclays has announced that Akshaya Bhargava has been appointed as Chief Executive of Wealth and Investment Management. He will join Barclays on 13 October 2014.
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 banned employees from giving or receiving gifts and entertainment from brokers as the bank tightens internal controls.
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.
Another PR problem.
The 2006 CA-sponsored Here Is The City 'Best Chief Information Officer/Chief Technology Officer' poll is over. The votes are in, and have been counted. Here's the final league table:
Many of you will already have had one of these from your firm. If you haven't, expect something similar sometime soon.
Only the strong survive
Here's the 'story' of Amazing Grace, the former Lehman Brothers fixed income salesperson who went on to become an exotic dancer (and more).
Here's the latest on the 'movers and shakers' front.
John McFarlane appointed to succeed Sir David Walker as Chairman.
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.
Barclays Bank is to introduce "finger-vein ID" readers that will allow customers to junk their pin numbers, passwords and authentication codes and instead access their account with just a scan of their digit.