LONDON, April 19 (IFR) - Barclays is unlikely to formally replace Tom King as head of its investment bank, leaving chief executive Jes Staley in control of the business for the foreseeable future, people familiar with the matter said. A final decision has not yet been made but the bank is l
Read moreLONDON, April 20 (IFR) - Barclays has named Amer Sajed as permanent chief executive of its credit card business Barclaycard, following 11 months where he was interim chief. Sajed was the head of Barclaycard in the US and took interim charge of all of the business last May after the departur
Read more(Recast lead, adds Daniel Fairclough new job) By Helene Durand LONDON, April 20 (IFR) - Barclays has rejigged its financial institutions business, appointing a new deputy head while another banker has moved to the treasury side. The UK lender has appointed Mark Geller as deputy
Read moreBy Huw Jones LONDON, April 19 (Reuters) - The Bank of England is too optimistic about being able to close big banks smoothly if they run into trouble and lenders should hold far more capital to keep the financial system safe, the architect of a major banking reform said on Tuesday. Th
Read more(Adds more detail) By Huw Jones LONDON, April 19 (Reuters) - British finance minister George Osborne said he would give parliament the right to veto future appointments to run the country's Financial Conduct Authority, which has sweeping powers over the banking industry. Osborne
Read moreLONDON, April 19 (Reuters) - British finance minister George Osborne said he would give parliament veto powers over future appointments to run the country's Financial Conduct Authority, which has sweeping powers over its financial services industry. Osborne also said chief executives of the
Read moreBy Mike Kentz NEW YORK, April 18 (IFR) - Derivatives trading start-up TeraExchange filed an antitrust lawsuit Monday alleging that some of the biggest banks in the world conspired to block customers from using its service. The suit, first reported by IFR last week, charges that 12 ban
Read moreBy Helene Durand LONDON, April 18 (IFR) - Barclays has appointed Mark Geller as deputy head of financial institutions debt capital markets for Europe, Middle East and Africa, according to an internal memo seen by IFR. In what is described as a broader role in the memo, he will help fu
Read more(Adds response from Vickers) By Huw Jones LONDON, April 15 (Reuters) - The UK parliament's Treasury Select Committee is to examine further whether banks are required to hold sufficient capital to cushion them against potential losses, wading into a row between the Bank of England and
Read moreBy Huw Jones LONDON, April 15 (Reuters) - The UK parliament's Treasury Select Committee is to examine further whether banks are required to hold sufficient capital to cushion them against potential losses, wading into a row between the Bank of England and the architect of the sector's refor
Read moreBy Will Caiger-Smith NEW YORK, April 15 (IFR) - BNP Paribas has hired a managing director from Barclays to join its insurance debt capital markets team. Tom O'Hara started at the French bank's New York office earlier this week, reporting to Matt Salvner, head of Americas primary credi
Read more* Lawsuits say banks' conspiracy hurts investors, traders * ScotiaBank, Barclays, HSBC, Societe Generale, UBS targeted By Jonathan Stempel April 14 (Reuters) - Deutsche Bank AG agreed to settle U.S. lawsuits accusing it of conspiring with other banks to manipulate gold and silve
Read more(ShareCast News) - A surge in basic resources and bank shares gave equity benchmarks around the world a leg up on Wednesday, following data out of the People's Republic of China which showed exports rising at their fastest pace in over a year. The DJ Stoxx 600 gauge of basic resource sector shares l
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