Barclays Share News (BARC)

Fri, 6th Jul 2012 02:52

The Times

REGULATOR WARNED BARCLAYS OF FAILINGS

The directors of Barclays were warned in person

five months ago by a senior regulator to address shortcomings in

the bank's aggressive culture.



The Telegraph

SHOWDOWN AT BARCLAYS AS DIAMOND GUNS FOR HIS MILLIONS

Barclays was preparing for a showdown

with former chief executive Bob Diamond over his potential 25

million pound ($38.80 million) pay-off.



BANK INQUIRY 'COULD BE UNWORKABLE'

The official inquiry into the banking scandal could prove

'impossible' to run, Dominic Grieve, the British attorney

general said.



The Guardian

CENTRAL BANKS MOVE TO BOOST GLOBAL ECONOMY

Central banks in the UK, ECB and China signalled their

determination to stimulate the flagging global economy on

Thursday, with the cash injections and interest rate cuts.



PFI DEALS WILL COST BILLIONS OF POUNDS

The cost of Britain's controversial private finance

initiative will continue to soar for another five years and end

up costing taxpayers more than 300 billion pounds, according to

a Guardian analysis of contracts sanctioned by the Treasury .



The Independent

LIB DEMS CALL FOR A REFORM OF LORDS

Britain's governing junior coalition partner, the Liberal

Democrats, will block boundary changes that would help the

Conservatives Party election prospects.



RATING AGENCIES ISSUE DOWNGRADES THREATS ON BARCLAYS

Credit rating agencies Moody's and Standard & Poor's lowered

their rating of Barclays' outlook on Thursday due to

the Libor-rigging scandal.



NEW AVIVA CHAIRMAN ISSUES SHAKE-UP

Aviva's new chairman, John McFarlane, unveiled a

radical overhaul of the troubled insurer yesterday, criticising

the previous management along the way.



($1 = 0.6443 British pounds)



(Reporting by Stephen Mangan)

Keywords: PRESS DIGEST BRITISH BUSINESS JULY 6

(stephen.mangan@thomsonreuters.com)(+44)(0)(20 7542 7931)

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