Barclays Share News (BARC)

PRESS: Barclays, HSBC And RBS Pay Currency Rigging Fine In US - Sky

BoE to help smaller lenders compete better in mortgage market

By Huw Jones LONDON, Oct 22 (Reuters) - The Bank of England will help new lenders cut how much capital they have to set aside to cover defaulting mortgages so they can compete better with their bigger rivals, a top BoE official announced on Thursday. Britain's government is keen to in

Tesco hires Citigroup as joint corporate broker

Oct 22 (Reuters) - Britain's biggest retailer Tesco Plc said it hired Citigroup Inc as joint corporate broker, replacing Deutsche Bank. Citigroup will work alongside existing broker Barclays Plc , Tesco said. The move follows a shake-up of the food retailer's business, which saw a ne

Barclays chairman says confident will solve ring-fencing problems

By Steve Slater LONDON, Oct 22 (Reuters) - Barclays should be able to overcome difficulties it is having in separating its domestic retail banking business from the rest of the bank under new UK rules designed to make banks safer, its chairman said on Thursday. Britain's major banks h

UPDATE 3-British banks spared worst outcomes in competition probe

* CMA had power to recommend bank break-ups * CMA says free bank accounts do not distort market * TSB CEO says long way to go to improve competition * Consumer group says measures are underwhelming * Lawmakers to quiz CMA on findings on Nov. 4 (Adds comments from Treasur

Earnings, Trading Statements Calendar - Week Ahead

EU bank watchdog says UK, other countries adhere to "allowances" crackdown

LONDON, Oct 22 (Reuters) - Regulators in Britain and elsewhere in the European Union are cracking down on illegal "allowances" that top up bankers' pay to skirt a cap on bonuses, a top EU regulator said on Thursday. Andrea Enria, chairman of the European Banking Authority (EBA), said the wa

UPDATE: UK CMA Pushes Switching On Ruling Out Break-Up Of Big Banks

It wasn't just UK bankers who worried about 'guilty' rule-Osborne

LONDON, Oct 22 (Reuters) - British regulators as well as bankers raised concerns about a now ditched 'guilty until proven innocent' rule for cracking down on reckless behaviour in the finance industry, finance minister George Osborne said on Thursday. Osborne told lawmakers there had been a

UK bank sector lacking competition but CMA report falls short of major changes

(ShareCast News) - Consumers and small businesses are still suffering from a lack of competition in the UK banking sector, competition authorities said in a report on Thursday that called for banks to retain free bank accounts and making proposals to force banks to help customers to shop around for

CMA To Push Account Switching As It Rules Out Break-Up Of Big Banks

UK competition body decides against end to "free" banking

LONDON, Oct 22 (Reuters) - Britain's competition watchdog has decided against recommending an end to "free" in-credit banking or forcing the break-up of big banks to improve competition in UK banking sector, but has recommended measures to aid easier comparison of accounts. The Competition

UPDATE 5-Credit Suisse to raise $6 bln as new CEO shows his hand

* New Credit Suisse CEO targets Asia, private banking growth * Plans to raise $6.3 bln from share sales * To shrink investment bank, cut costs * Mood soured by weak third quarter results (Adds comments from CEO) By Joshua Franklin ZURICH, Oct 21 (Reuters) - Credit

Fortress in talks to buy Barclays 1 bln euro Italian mortgage pool-sources

MILAN, Oct 21 (Reuters) - U.S. asset manager Fortress Investment Group has entered exclusive talks to buy a 1 billion euro ($1.1 billion) portfolio of Italian house loans from Barclays, two sources close to the matter said. The British bank is selling its Italian retail network, which compr

Wednesday newspaper round-up: Europe, British steel, Barclays

(ShareCast News) - Britain's leading business group has defied government demands to downplay its campaign for the UK to remain in the European Union. In a move that will escalate tensions between the CBI and Sajid Javid, the business secretary, the group publishes a dossier today stating that most