Barclays Share News (BARC)

Lawmaker says UK banks must be broken up if 'ring-fencing' fails

By Huw Jones LONDON, Nov 16 (Reuters) - UK regulators must not give in to "special pleading" from the biggest banks and should go ahead and split them up if a reform aimed at protecting their deposit-taking retail arms from their riskier businesses is circumvented, a senior UK lawmaker said

UPDATE 1-Barclays to pay $120 mln in U.S. Libor litigation-lawyers

(New throughout, adds details of settlement, background, case citation, byline) By Jonathan Stempel NEW YORK, Nov 13 (Reuters) - Barclays Plc agreed to pay $120 million to settle private U.S. litigation accusing it of conspiring with rivals to rig the benchmark interest rate known as

Barclays in $120 mln settlement of Libor case -lawyers

NEW YORK, Nov 13 (Reuters) - Barclays Plc has reached a $120 million settlement of private U.S. litigation accusing the British bank and rivals of conspiring to rig the benchmark interest rate known as Libor, a law firm for the plaintiffs said on Friday. A spokesman for Barclays declined to

UPDATE 2-Britain charges ex-Deutsche trader Bittar, nine others over rate rigging

* All are ex Barclays, former or current Deutsche traders * Include first woman to face rate-rigging charges * First Euribor charges open new chapter in rate-rig scandal (Adds details, background, lawyer comment) By Kirstin Ridley LONDON, Nov 13 (Reuters) - Britain's Ser

UPDATE 1-Barclays freezes staff hiring until January to cut costs

(adds details of costs cuts across Europe) By Olivia Oran and Anjuli Davies NEW YORK/LONDON, Nov 13 (Reuters) - British bank Barclays Plc has put a freeze on hiring new staff until the start of next year as it steps up efforts to cut costs and raise profitability. A Barclays spo

UK Serious Fraud Office Charges 10 People Over Euribor Manipulation

Barclays puts freeze on staff hiring until Jan in cost-cutting move

By Olivia Oran and Anjuli Davies NEW YORK/LONDON, Nov 13 (Reuters) - British bank Barclays Plc has put a freeze on hiring new staff until the start of next year as it steps up efforts to cut costs and raise profitability. A Barclays spokesman said the hiring freeze had been in place s

REFILE-Britain's Serious Fraud Office charges 10 individuals over Euribor

(Refiles to fix typographical error in headline) LONDON, Nov 13 (Reuters) - Britain's Serious Fraud Office said on Friday it has charged 10 Barclays and Deutsche Bank employees in the first criminal proceedings for alleged manipulation of the Euribor interest rate benchmark. "Criminal

UPDATE 1-Britain's Serious Fraud Office charges 10 invidividuals over Euribor

(Adds names) LONDON, Nov 13 (Reuters) - Britain's Serious Fraud Office said on Friday it has charged 10 Barclays and Deutsche Bank employees in the first criminal proceedings for alleged manipulation of the Euribor interest rate benchmark. "Criminal proceedings will be issued against

Britain's Serious Fraud Office charges 10 invidividuals over Euribor

LONDON, Nov 13 (Reuters) - Britain's Serious Fraud Office said on Friday it has charged 10 Barclays and Deutsche Bank employees in the first criminal proceedings for alleged manipulation of the Euribor interest rate benchmark. "Criminal proceedings will be issued against other individuals i

UK govt urged to set up new body to help investment banking thrive

LONDON, Nov 13 (Reuters) - Britain's government should set up a new body chaired by the finance minister to ensure banking regulation is not excessive and help coordinate policy so international banks can thrive in London, the country's banking lobby group said. The British Bankers' Associa

BUZZ-Fitbit retreats

** Fitbit drops another 7 pct to a 2-mth low ahead of its selling-shareholder-dominated follow-on set to price after market close today ** Stock has now shed more than a fifth of its value since the co announced plans on November 2 to offer 21 mln shares, 14 mln by stockholders ** Jus

Barclays, Ulster Bank Join In On Hibernia REIT Facility Syndicate

CityUK warns on new bank surcharges, backs EU membership

LONDON, Nov 11 (Reuters) - It may be too late to change course once the harmful impact of extra bank taxes on Britain's long-term competitiveness becomes clear, according to John McFarlane, the new chairman of financial services lobby group CityUK. McFarlane, who is also chairman of Barclay

UPDATE 1-AB InBev, HSBC, Google, 8 others to testify at EU tax hearing

(Adds committee members' comments) By Foo Yun Chee BRUSSELS, Nov 10 - Anheuser-Busch InBev, HSBC , Google and eight other companies will be quizzed by EU lawmakers next week on their European tax deals as part of a campaign to ensure multinationals pay their fair share of taxes. <p