Barclays Share News (BARC)

Banks say new rules will double capital needed to cover securitised debt

* Banks say new rules would quadruple overall capital needs * Basel says most banks unaffected by new rules By Huw Jones LONDON, Oct 20 (Reuters) - Banks will have to double the amount of capital they hold to cover possible default on their pooled-debt under planned new global r

UPDATE 2-Barclays, Wachovia to pay $378 mln to settle U.S. mortgage claims

(Adds background and byline) By Dena Aubin NEW YORK, Oct 19 (Reuters) - British bank Barclays Plc and U.S. bank Wachovia, now part of Wells Fargo & Co , will pay a combined $378 million to resolve claims over toxic mortgage-backed securities sold to now-failed credit unions, a U.S. c

Zimbabwe law caps bank shareholdings, allows foreigners to control local units

HARARE, Oct 19 (Reuters) - Zimbabwe plans to cap shareholdings in banks in a bid to improve stability following several bank failures in the last five years, but foreign banks would be allowed to control their local units, according to a bill before parliament. Five local banks have shut in

London close: Footsie underperforms on weakness in commodities

(ShareCast News) - The top flight index underperformed as commodity markets weakened on the back of soft Chinese fixed asset investment and industrial production figures. By the closing bell the Footsie was to be seen down by 25.71 points at 6,352.33. In the commodities space meanwhile, three-month

UK shares underperform Europe; mining companies fall after Chinese data

* FTSE 100 down 0.4 pct, mining shares top losers * Shire volatile after declined drug approval * Barclays rises on media report (Updates with closing prices) By Kit Rees LONDON, Oct 19 (Reuters) - Britain's top share index slipped on Monday as news of China's slowing ec

UK shares underperform Europe; mining companies fall after China data

* FTSE 100 down 0.2 pct, mining shares top losers * Shire falls on declined drug approval * Barclays rises on media report (Adds detail) By Kit Rees LONDON, Oct 19 (Reuters) - Britain's top share index slipped on Monday as mining stocks suffered after China reported its

Barclays pays $325 mln to settle U.S. mortgage claims

LONDON, Oct 19 (Reuters) - British bank Barclays said it will pay $325 million in a settlement with the U.S. National Credit Union Association (NCUA) to resolve two civil lawsuits related to U.S. residential mortgages. Barclays said on Monday it will include a provision for the amount in i

Barclays Settles Two US Civil Lawsuits For USD325 Million

UK shares underperform Europe, miners fall after China data

* FTSE 100 down 0.2 pct, miners top losers * Shire falls on declined drug approval * Barclays rises on media report (Adds detail) By Kit Rees LONDON, Oct 19 (Reuters) - Britain's top share index slipped on Monday as mining stocks took a hit from data showing Chinese econ

UK shares slip as miners and Shire weigh on index

* FTSE 100 down 0.2 pct, miners top losers * Shire falls on declined drug approval * Barclays rises on media report By Kit Rees LONDON, Oct 19 (Reuters) - Britain's top share index slipped on Monday as mining stocks took a hit from data showing Chinese economic growth slow

BROKER RATINGS SUMMARY: Macquarie Raises Vodafone To Outperform

Monday newspaper round-up: Barclays, China, Dividends

(ShareCast News) - The trial of six former Barclays bankers accused of rigging international borrowing rates is on a knife edge as barristers for half of the defendants have yet to agree fees for the case weeks before it begins. Barristers acting for Jonathan Mathew, Stylianos Contogoulas and Alex P

UK competition body expected to call for clearer bank fees

(Repeats story first filed on Oct. 16) * Watchdog unlikely to recommend bank break-ups * Findings due to be published next Thursday * Executives at smaller banks want more transparency * Scrapping 'free' banking seen as politically unpalatable By Matt Scuffham

UPDATE 1-European banks set for windfall from Visa Europe deal -sources

(Adds details, background) By Steve Slater LONDON, Oct 16 (Reuters) - Europe's banks are in line to share billions of euros from a buyout of Visa Europe by its U.S. sister company Visa Inc., which is expected to be sealed in the next two weeks, sources said. Credit card company

European banks set for windfall from imminent Visa Europe deal -sources

By Steve Slater LONDON, Oct 16 (Reuters) - Europe's banks are in line to share billions of euros from a buyout of Visa Europe by its U.S. sister company Visa Inc., which is expected to be sealed in the next two weeks, sources said. Credit card company Visa is in talks to buy Visa Euro