Barclays Share News (BARC)

FTSE 100 movers: Lloyds leads index back over 6,000

(ShareCast News) - The FTSE 100 was back over 6,000 on Thursday, erasing losses from the previous two days. The blue-chip index was up 146.76 points (2.50%) to 6,013.94 by mid-afternoon. Lloyds Banking Group was the big riser, after it saw underlying profit increase 5% to £8.1bn during the year, wi

UPDATE 1-UK watchdog tells banks to open up payment system to competition

(Adds detail, VocaLink ownership) By Huw Jones LONDON, Feb 25 (Reuters) - Banks should cut their stakes in one of Britain's core payments systems as part of a fundamental change to increase competition, Britain's Payment Systems Regulator (PSR) proposed on Thursday. The UK payme

UK Payments Regulator Calls For Major Banks To Sell Stakes In VocaLink

MOVES-Barclays names new country manager for Spain

MADRID, Feb 25 (Reuters) - Barclays has named Konstantin Sajonia-Coburgo as its country manager for Spain, replacing Jaime Salaverri who is leaving the bank, according to an internal memo seen by Reuters. Sajonia-Coburgo, who will continue to run the Spanish investment banking division alo

PRESS: Barclays Cuts Investment Bank Bonus Pool By 10%-12% - Bloomberg

UK mortgage approvals rise near 2-year highs ahead of buy-to-let tax- BBA

LONDON, Feb 24 (Reuters) - British banks approved the highest number of mortgages in almost two years in January as some investors sought to snap up properties before a tax on buy-to-let properties due in April, industry figures showed on Wednesday. The British Bankers' Association said its

Earnings, Trading Statements Calendar - Week Ahead

Lloyds tops PPI complaints list at financial ombudsman

(ShareCast News) - Complaints about payment protection insurance continue to be made against major high street banks, data from the financial ombudsman showed, with Lloyds Banking Group a serial offender. Of the total new cases referred to the ombudsman in the six months to 31 December, 56% were

Bamford steps down as Barclays rejigs syndicate

LONDON, Feb 22 (IFR) - Barclays is folding its debt syndicate function into its banking department, a move that will see current head of global fixed income syndicate, Mark Bamford, leave the bank after 10 years, according to an internal memo seen by IFR. The new structure will see syndicat

Investment banks' trading revenue declined 9 pct in 2015 - survey

* FICC revenue at 12 top banks $69.9 bln last year - Coalition * Compares with $109.1 billion five years before * Commodities revenues drop 18 percent * Equity business is rare bright spot, revs up 10 pct to $50 bln By Anjuli Davies LONDON, Feb 22 (Reuters) - Revenue

Barclays says investment banking chief Tom King to retire

LONDON, Feb 19 (Reuters) - Barclays said on Friday the head of its investment bank Tom King would retire on March 4, confirming media reports earlier this month. The British lender is shrinking its investment banking business as new chief executive Jes Staley tries to improve profitability

RPT-INSIGHT-Big banks see the need to shrink - but face a path full of obstacles

(Repeating story sent earlier to additional subscribers) By Olivia Oran and Anjuli Davies NEW YORK/LONDON, Feb 19 (Reuters) - When the U.S. Federal Reserve's newest policymaker Neel Kashkari dropped a bombshell with a call to break up big banks on Tuesday, it was met with a predictabl

Worldwide M&A activity falls 23 pct, but U.S. has a flurry

By Anjuli Davies LONDON, Feb 19 (Reuters) - Worldwide mergers and acquisitions deals have fallen 23 percent to $336 billion so far this year compared with last year, but cross-border activity by amount targeting U.S.-based companies reached a record high, Thomson Reuters data shows. A

INSIGHT-Big banks see the need to shrink - but face a path full of obstacles

By Olivia Oran and Anjuli Davies NEW YORK/LONDON, Feb 19 (Reuters) - When the U.S. Federal Reserve's newest policymaker Neel Kashkari dropped a bombshell with a call to break up big banks on Tuesday, it was met with a predictably indignant response from their lobbyists. One described his co

UPDATE 1-Barclays to pay $50 million to end US currency rigging lawsuit

(Adds comment from plaintiff's lawyer, litigation against other banks, Deutsche Bank lawsuit and comment) By Jonathan Stempel NEW YORK, Feb 18 (Reuters) - Barclays Plc agreed to pay $50 million to settle a U.S. lawsuit claiming it rigged its foreign exchange trading system to reject c