Barclays Share News (BARC)

UPDATE 1-Ex-Barclays banker accused by U.S. of illegal tips to plumber

(Adds further details on case) By Nate Raymond NEW YORK, May 31 (Reuters) - A former director of Barclays Plc was arrested on Tuesday on U.S. charges that he provided inside information about impending mergers that he learned about at the bank to a plumber, who use the tips to illegal

Ex-Barclays banker arrested in U.S. on insider trading charges

NEW YORK, May 31 (Reuters) - A former director of Barclays Plc was arrested on Tuesday on U.S. charges that he provided inside information about impending mergers that he learned about at the bank to a plumber, who use the tips to illegally make $76,000. Steven McClatchey, 58, was charged i

Barclays Africa looks to insurance to support growth

NAIROBI, May 27 (Reuters) - Barclays Africa Group is expanding its insurance business through acquisitions to support growth, its deputy chief executive said on Friday. David Hodnett said the bank was scouting for an insurance business to buy in Ghana, having bought First Assurance in Keny

MOVES-Barclays hires Ashton-Rigby as CIO from JP Morgan

LONDON, May 27 (IFR) - Barclays has hired Mark Ashton-Rigby as its new chief information officer, the fifth former JP Morgan senior executive to be recruited by the bank. Ashton-Rigby is currently chief information officer for corporate and investment banking at JP Morgan but will move to B

FX code proposes limits to sharing trade information

By Chris Spink LONDON, May 26 (IFR) - Traders in the foreign exchange market will be banned from talking about any specifics on trades but allowed to disclose general "market colour" under proposals to improve conduct in the industry. A proposed code of practice published on Thursday

UPDATE 1-BoE adjusts capital rules for global banks with UK retail arms

* BoE amends rules to better fit global banks * Vickers says BoE sticking to "soft" policy on capital (Adds comment from Vickers comment) By Huw Jones and William Schomberg LONDON, May 26 (Reuters) - UK banks which have a global footprint and big domestic retail operation migh

Thursday broker round-up

(ShareCast News) - Great Portland States: Jefferies downgrades to underperform with a 650p target. Electrocomponents: RBC upgrates to sector perform with a 270p target. Marks & Spencer: Jefferies downgrades to underperform with a target price of 300p, Exane BNP Paribas downgrades to underperform wi

UPDATE 2-Banco Popular capital hike sparks renewed Spanish bank fears

* Will make new provisions of up to 4.7 bln euros * Lender losses in 2016 not seen topping 2.5 bln euros * Popular likely to suspend 2016 dividend payment * Shares in Spanish banks fall after announcement (Adds details and quotes from the Chairman) By Jesús Aguado and J

Exane upgrades Barclays, says the fog is lifting

(ShareCast News) - Exane BNP Paribas upgraded Barclays to 'outperform' from 'neutral' and lifted the price target 19% to 220p, having already upped the stock two weeks ago, saying things were looking brighter and the fog is lifting. Exane said Barclays' decision to cut the dividend and sell the Afri

BROKER RATINGS SUMMARY: Jefferies And Exane BNP Downgrade M&S

Broker tips: Barclays, Melrose, Electrocomponents

(ShareCast News) - Exane BNP Paribas upgraded Barclays to 'outperform' from 'neutral' and lifted the price target 19% to 220p, having already upped the stock two weeks ago, saying things were looking brighter and the fog is lifting. Exane said Barclays' decision to cut the dividend and sell the Afri

Complaints against UK banks remain near record levels

By Huw Jones and Andrew MacAskill LONDON, May 26 (Reuters) - Complaints against financial services firms in Britain are at their third highest level on record despite a crackdown on bad behaviour by regulators and new laws since the financial crisis to protect customers from misselling.

LONDON MARKET CLOSE: Banks Lead Gains As M&S Heads Opposite Way

UPDATE 1-UK banks must change to end customer alienation: policymaker

(Adds more detail) By Huw Jones LONDON, May 25 (Reuters) - Britain's banks are stuck with flagging financial returns while failing to tackle overpaid investment bankers and customer alienation, a senior Bank of England policymaker said on Wednesday. Martin Taylor, a member of th

BoE policymaker says UK banks stuck on tundra until they change

LONDON, May 25 (Reuters) - Britain's banks are stuck on a cold "tundra" of flagging financial returns and failure to tackle structural problems like overpaid investment bankers and a lack of trust, a senior Bank of England policymaker said on Wednesday. Martin Taylor, a member of the BoE's