Barclays Share News (BARC)

Wednesday broker round-up

(ShareCast News) - Anglo American: UBS reiterates neutral with a target price of 950p. Lloyds: Macquarie reiterates outperform with a 65p target. Intertek: Barclays stays at equal-weight with a 3700p target. Barclays: HSBC reiterates buy with a 190p target. Homeserve: UBS maintains neutral with a

SFO ordered to argue gagging case in public

LONDON, Nov 23 (IFR) - The Serious Fraud Office has been ordered by a UK judge to argue in public its attempt to keep a case involving British bank Barclays and one of its former investment bankers private. Richard Boath, one of a number of former top Barclays executives questioned by the S

EU plans stepping up capital requirements for non-EU top banks- sources

BRUSSELS, Nov 22 (Reuters) - Top American or Asian banks will have to hold enough capital buffers for their activities in the European Union to face crisis without help from their headquarters, a draft EU law says, according to officials familiar with it. The provision is included in a refo

Brexit bridge deal for banks nice in theory, tough in practice

* Banks planning for life after Brexit * Transition deal may be too difficult politically * Banks seek quick agreement on passporting By Andrew MacAskill, Huw Jones and Anjuli Davies LONDON, Nov 22 (Reuters) - Banking executives have welcomed hints that Prime Minister Ther

UPDATE 2-Citi and JPMorgan top list of globally systemic banks

(Adds MetLife comment) By Huw Jones LONDON, Nov 21 (Reuters) - Citi has joined JPMorgan at the top of global regulators' list of systemically important banks, replacing HSBC and meaning the U.S. bank will have to hold extra capital from 2019 to help preserve financial stability. <

UPDATE 2-UK to raise deposit guarantee after pound's Brexit plunge

(Adds lawmaker, lawyer reaction) By Huw Jones LONDON, Nov 21 (Reuters) - The Bank of England (BoE) has proposed raising the guarantee on bank account deposits back to 85,000 pounds ($105,000) from Jan. 30, 2017, to reflect the sharp fall in sterling following Britain's vote to leave t

BoE to raise deposit "insurance" after pound's Brexit plunge

LONDON, Nov 21 (Reuters) - The Bank of England has proposed raising "insurance" on bank account deposits to 85,000 pounds ($104,839)from January 30, 2017, after a sharp fall in the value of sterling following Britain's decision to leave the European Union. "Restoring the limit to 85,000 pou

Citi, BAML, Wells, ICBC told to hold extra capital

By Steve Slater LONDON, Nov 21 (IFR) - Citigroup, Bank of America Merrill Lynch, Wells Fargo and ICBC will all have to hold extra capital from 2018 as a result of changes to the list of the world's most important banks. In contrast, HSBC, Barclays and Morgan Stanley will see their min

Sunday newspaper round-up: OBR, Saudi Aramco, Tesco, BAT, bonds vigilantes

(ShareCast News) - The Office for Budget Responsibility is likely to cut its forecast for UK growth next year by the biggest margin since the peak of the eurozone debt crisis. Philip Hammond's Autumn Statement this week will see the Chancellor set out his multi-billion pound infrastructure plans and

MOVES-Barclays hires six in emerging markets push

By Steve Slater LONDON, Nov 18 (IFR) - Barclays said it has made six senior hires in its emerging markets business and moved more than 10 people internally as part of a push to build up its EM rates and foreign exchange businesses. Tunc Buyuksolak has joined the bank from Royal Bank o

UPDATE 1-Mediobanca targets acquisitions in wealth management drive

Strong Q3 sets FICC up for 5% annual rise -Coalition

LONDON, Nov 17 (IFR) - A rebound in fixed income revenues this year may not be enough to offset a drop in equities and advisory and underwriting fees, which is likely to leave investment bank revenues down for a fourth successive year, consulting firm Coalition said. Coalition said on Thurs

Top banks' 9-month commodities revenue down 22 pct - report

By Eric Onstad LONDON, Nov 17 (Reuters) - Commodities-related revenue at the 12 biggest investment banks fell 22 percent in the first nine months due to weak industrial metals trading and lacklustre investor interest, a report by financial industry analytics firm Coalition said. Reven

Former UK regulator urges Trump not to scrap Wall St reform

* Adair Turner one of architects of new banking rules * UBS, Barclays CEOs don't see big rollback in regulation * ICAP CEO says Dodd-Frank repeal would be good for markets By Huw Jones LONDON, Nov 16 (Reuters) - The United States must not scrap bank capital requirements in

Credit Suisse makes US loss on US$885m trading hit

By Steve Slater LONDON, Nov 16 (IFR) - Credit Suisse lost almost US$1bn in its US operations last quarter, one of five major foreign banks to lose money on their US trading desks, according to results from the country released for the first time this week. Credit Suisse's US business