Barclays Share News (BARC)

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

BROKER RATINGS SUMMARY: Shore Says Buy Shire, Hold GlaxoSmithKline

LONDON BRIEFING: Royal Mail Gets Reprieve; M&S Sold After Weak Results

UPDATE 3-Russia raises $1.75 bln in first Eurobond since sanctions imposed

* Government says foreigners bought bulk of bond * Minister: this shows appetite for Russian assets * Sanctions uncertainty put off some big players (Adds finance minister's statement, analysts' quotes) By Lidia Kelly, Oksana Kobzeva and Kira Zavyalova MOSCOW, May 24 (Re

Britain's Serious Fraud Office re-examines funding model

By Kirstin Ridley LONDON, May 24 (Reuters) - The Serious Fraud Office (SFO), Britain's leading fraud and corruption investigator and prosecutor, said on Tuesday it was re-examining a funding model that has been criticised for risking weakening investigations and delaying cases. So-cal

Tuesday broker round-up

(ShareCast News) - Standard Chartered: Macquarie reiterates to outperform with a 440p target. Britvic: Goldman Sachs stays at buy with a 838p target. Premier Oil: JP Morgan keeps at neutral with a target price of 61p. RBS: Deutsche Bank reiterates hold with a target of 239p. BT: Macquarie reitera

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