Barclays Share News (BARC)

PRESS: Big Banks Accused Of Monopolising Interest Rate-Swap Market

UPDATE 1-Big banks accused of interest rate-swap fixing in U.S. class action suit

(Adds banks declining or unavailable to comment) By Mike Kentz NEW YORK, Nov 25 (IFR/Reuters) - A class action lawsuit, filed Wednesday, accuses 10 of Wall Street's biggest banks and two trading platforms of conspiring to limit competition in the $320 trillion market for interest rate

CORRECTED-Big banks accused of interest rate-swap fixing in class action suit

(Corrects 11th paragraph to show that Tradeweb is majority owned by Thomson Reuters, not 40 percent owned) By Mike Kentz NEW YORK, Nov 25 (IFR/Reuters) - A class action lawsuit, filed Wednesday, accuses 10 of Wall Street's biggest banks and two trading platforms of conspiring to limit

Barclays settles with U.S. investors over Libor manipulation

By Jonathan Stempel NEW YORK, Nov 25 (Reuters) - Barclays Plc has agreed to pay $14 million to settle litigation by holders of its American depositary shares that it conspired with rivals to rig the Libor benchmark interest rate, causing its share price to be inflated. The preliminary

CORRECTED-(OFFICIAL)-Bad loans at Europe's banks still double U.S. level -regulator

(In NOV 24 story EBA corrects capital figure to 12 percent from 11.8 percent, paragraph 16) By Steve Slater and Huw Jones LONDON, Nov 24 (Reuters) - The scale of bad loans held by banks in the European Union is "a major concern" and more than double the level in the United States, des

World's banks may halve jobs and branches within 10 years - Barclays ex-boss

By Steve Slater LONDON, Nov 24 (Reuters) - Banks across the world may cut up to half their jobs and branches in the next 10 years as they fight to stay relevant and profitable in the face of sweeping technological change, the former head of British bank Barclays said on Tuesday. "The

With glory days gone, London traders face life in 'real world'

* Thousands of traders squeezed out as banks slash costs * Industry faces tough regulation after global crash, scandals * Traders increasingly replaced by automated algorithms By Jamie McGeever LONDON, Nov 24 (Reuters) - Once dubbed "masters of the universe", it seemed the

BROKER RATINGS SUMMARY: UBS Raises Ocado To Buy From Neutral

UPDATE 1-British finance industry trade groups merge to boost lobbying power

(Adds details) LONDON, Nov 20 (Reuters) - Five British financial services trade associations, including the British Bankers' Association (BBA) and Payments UK, are set to merge to give them more lobbying clout and to cut costs. Britain's banks proposed earlier this year merging nine a

UK to merge 5 trade groups to boost financial services power, cut costs

LONDON, Nov 20 (Reuters) - Five British financial services trade associations, including the British Bankers' Association (BBA) and Payments UK, are set to merge following a review of how to strengthen their lobbying efforts and cut membership costs. Britain's banks proposed earlier this ye

UPDATE 1-Nationwide profits jump 27 pct on record home lending

(Adds comments from CEO, details) LONDON, Nov 20 (Reuters) - Britain's biggest customer-owned lender Nationwide said its profits jumped by more than a quarter in its latest six months, driven by record mortgage lending and more than a quarter of a million new current account customers. <

Nationwide CEO sees 3-4 pct UK house price growth in "healthy" market

LONDON, Nov 20 (Reuters) - The boss of Britain's second-biggest mortgage lender Nationwide said the UK housing market was "healthy and strong" and he expected house price inflation to continue at about 3-4 percent, although there could be a cool-down in the London market. "It (the UK housin

UPDATE 3-Barclays to pay $150 mln more to New York regulator in forex probe

(Adds details on instructions by some senior Barclays staff to employees, paragraphs 9-10) By Suzanne Barlyn Nov 18 (Reuters) - Barclays Plc will pay an additional $150 million to New York State's financial regulator to resolve allegations that it rigged foreign exchange trading by pu

Barclays Pays USD150 Million Over Foreign Exchange Trading Probe

Barclays to pay $150 mln more to regulator in forex probe -NYDFS

Nov 18 (Reuters) - Barclays Plc will pay an additional $150 million penalty to New York State's financial regulator to resolve allegations it rigged foreign exchange markets, the New York Department of Financial Services (NYDFS) said on Wednesday. The British bank is also terminating a glob