Barclays Share News (BARC)

UPDATE 1-UK banks ditching fintech, foreign customers to cut costs

(Adds details from report) By Huw Jones LONDON, May 24 (Reuters) - Banks are ditching customers such as financial technology firms and foreign nationals to cut the cost of complying with tougher capital and anti-money laundering rules, an independent study for Britain's markets watchd

UK watchdog study finds cautious banks ditching customers

LONDON, May 24 (Reuters) - Banks have been ditching customers as they face tougher capital requirements and stricter rules to crack down on money laundering, an independent study for Britain's markets watchdog said on Tuesday. The Financial Conduct Authority (FCA) commissioned the study to

BROKER RATINGS SUMMARY: Bernstein Favours BT Over Vodafone

Tuesday newspaper round-up: US libor case, UK fracking decision, CNH

(ShareCast News) - A US appeals court has reinstated a civil lawsuit accusing 16 major banks of conspiring to manipulate the Libor benchmark interest rate. The ruling, which overturns a 2013 decision, could bankrupt the institutions, the judges warned. A lower court judge erred in dismissing the ant

EXCLUSIVE-Banks shed riskiest debt backing Veritas LBO: source

(Adds details) By Davide Scigliuzzo NEW YORK, May 23 (IFR) - Banks have cleared nearly all of the riskiest debt backing Carlyle's leveraged buyout of Veritas, after selling US$450m of an unsecured junk bond on Monday, a source close to the situation told IFR. The four leading un

Big banks' first-quarter commodities revenue drops 40 pct - report

LONDON, May 24 (Reuters) - Commodities-related revenue at the 12 biggest investment banks tumbled 40 percent in the first three months of the year as lenders cut exposure to the oil and industrial metals sectors, a consultancy said on Tuesday. First-quarter revenue from commodity trading, s

Investment banks suffer worst first quarter since financial crisis -survey

By Anjuli Davies LONDON, May 24 (Reuters) - Revenue at the world's 12 largest investment banks fell 25 percent in the first quarter from a year ago as economic uncertainty and investor caution led to the slowest start since the financial crisis, a survey showed on Tuesday. Investment

MOVES-Goldman hires investment banker Kamo from Credit Suisse

By Liana B. Baker and Olivia Oran May 23 (Reuters) - Goldman Sachs Group Inc hired investment banker David Kamo from Credit Suisse Group AG as it seeks to grow its business working with private equity firms, according to people familiar with the matter. Kamo, who helped lead a new se

UPDATE 1-Veritas takeover bond relaunched: source

(ADDS details) By Davide Scigliuzzo NEW YORK, May 23 (IFR) - The unsecured bond pulled in November to help finance Carlyle's acquisition of Veritas has been relaunched, a source close to the situation told IFR on Monday. News of the revived deal came shortly after both Moody's a

RPT-Banks urged to cooperate on eurozone -Rudloff

(Repeats story from Friday with new headline and distribution, no changes to text) By Chris Spink LONDON, May 23 (IFR) - Bulge-bracket banks should collaborate more to come up with innovative and lasting solutions to the eurozone's ongoing debt problems, according to a senior banker c

MOVES-Citigroup hires de Souza for UK investment banking

LONDON, May 20 (IFR) - Citigroup has hired Alex de Souza from Barclays to join its UK investment banking team as a managing director. Citigroup said in a memo to staff on Friday that de Souza will start in August and has a broad coverage universe, with particular focus on advising corporate

UPDATE 3-Gambling debt, stock tip lead to $1 mln settlement but no charges for Mickelson

(Adds comment from Amgen) By Joseph Ax NEW YORK, May 19 (Reuters) - Late in July 2012, Phil Mickelson, one of the world's most famous golfers, received a phone call from a well-known professional sports gambler, William "Billy" Walters. At the time, U.S. authorities say, Mickels

UPDATE 1-UK prosecutors expect to conclude Barclays Qatar probe by year-end

* SFO expects to reach decision on charges early 2017 * Barclays drops plans to postpone civil claim * Barclays faces $1 bln civil claim by Amanda Staveley's PCP * Barclays to file defence in civil claim in four weeks * Barclays to pay 100,000 pound legal costs (Adds Bar

LONDON MARKET CLOSE: US June Rate Hike Prospect Slams Miners

DIRECTOR DEALINGS: Barclays CEO Jes Staley Buys 144,000 ADSs