Barclays Share News (BARC)

UPDATE 3-Barclays sells Italian branches to Mediobanca at a loss

* CheBanca! to take 89 branches, 620 staff, 2.9 bln euro loans * Barclays to book 200 mln pound loss in Q4 * Barclays could have over 14 bln euro of Italy loans to sell * Mediobanca shares up 1.5 pct, Barclays up 0.7 pct (Adds comments from CEO of CheBanca!) By Silvia Al

Volkswagen allocates 20 bln bridge loan to 13 banks - sources

By Arno Schuetze FRANKFURT, Dec 3 (Reuters) - Volkswagen has split a 20 billion euro ($21.1 billion) bridge loan between 13 banks to help shoulder the costs of its emissions scandal, two people familiar with the matter said. Eight banks which had initially offered tranches of 2.5 bill

German start-up launches pan-European bank for mobile users

By Eric Auchard FRANKFURT, Dec 3 (Reuters) - Number26 is looking to succeed where traditional lenders have struggled, by relying on mobile phones to build a true pan-European bank. The German financial services start-up is expanding into six European markets, making it the first mobil

Barclays Sells Italian Retail Network To Mediobanca Unit At Loss

Barclays sells Italian branches to CheBanca!

(ShareCast News) - Barclays has announced it will sell its Italian retail banking network to CheBanca!, a member of the Mediobanca Group. The FTSE 100 bank announced the deal on Thursday, which comprises of 89 branches and a broadly balanced portfolio of assets and liabilities. It will continue

PRESS: Barclays To Sell Italian Branches To Mediobanca Unit - Reuters

Barclays sells Italian branches to Mediobanca's retail arm

MILAN, Dec 3 (Reuters) - Barclays has agreed a deal to sell its Italian bank branches to CheBanca!, the seven-year-old retail arm of Mediobanca, it said on Thursday confirming a Reuters report. Mediobanca said in a statement that under the deal CheBanca! would acquire 89 branches from Barc

COLUMN-High court affirms Rural/Metro: Should financial advisers worry? Frankel

(The opinions expressed here are those of the author, a columnist for Reuters.) By Alison Frankel Dec 1 (Reuters) - There was good news and bad news for investment banks in Monday's hotly anticipated Rural/Metro opinion from the Delaware Supreme Court. The bad: The state justice

LONDON MARKET CLOSE: Banks Lead Gains After Successful Stress Tests

IN DEPTH: UK Banking System Shows Lending Resilience In Downturn

FTSE 100 movers: Banks lead the charge after stress test results

(ShareCast News) - The FTSE 100 was in the black on Tuesday, sitting at 6,379.33, up 23.24 points (0.37%) by mid-afternoon. The biggest risers came from the banking sector after all seven of Britain's largest banks passed stress tests by the Bank of England, with Governor Mark Carney assuring that n

Barclays CEO makes first day gain as shares jump on "stress test" results

LONDON, Dec 1 (Reuters) - Barclays Plc shares jumped 4 percent on Tuesday after Britain's third biggest bank came through a "stress test" by regulators better than expected, netting a quick 230,000 pounds for its new chief executive on his first morning. Jes Staley, a former head of investm

LONDON MARKET MIDDAY: Banks Lead Gains Amid Flurry Of PMIs Readings

UPDATE 2-Bank of England's Carney says UK banks' job almost done on capital

* BoE says UK credit conditions largely back to normal * Aims to change counter-cyclical capital buffer slowly * Further increases in capital will only be incremental (Adds more reaction) By Huw Jones and David Milliken LONDON, Dec 1 (Reuters) - British banks including H

WINNERS & LOSERS SUMMARY: Banks In Favour As They Pass Stress Tests