Barclays Share News (BARC)

U.S. IRS cracks down on hedge funds' tax strategy - NYT

July 9 (Reuters) - The U.S. Internal Revenue Service is cracking down on hedge funds, challenging a tax strategy called "basket options" that is used to claim billions of dollars in tax savings, the New York Times reported. Hedge funds using the options must declare them on their tax return

MEDIA-IRS cracks down on hedge fund tax strategy - NYT

-- Source link: (http://nyti.ms/1MgtOz3) -- Note: Reuters has not verified this story and does not vouch for its accuracy

UPDATE 6-Barclays Chairman McFarlane axes CEO to speed up strategic change

* Jenkins sacked after three years in post * Row with investment bank boss undermined position -source * Chairman to assume executive duties until successor found * Investors had expected Jenkins to be given more time * Shares up 2 percent * Graphic: http://link.reut

MOVES-Barclays, JP Morgan Asset Management, BNY Mellon, Aviva

(Adds U.S. Bank Wealth Management, Deimos Asset Management LLC, Willis North America) July 8 (Reuters) - The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email moves@thomsonreuters.com. BARCLAYS PLC The Britis

NEWSMAKER-McFarlane bares ruthless streak with Barclays sacking

* Sacking of Barclays CEO mirrors Aviva overhaul * McFarlane known to be 'dominant character' * Seen as outstanding professional by peers * McFarlane in no rush to appoint Jenkins' successor By Matt Scuffham and Sinead Cruise LONDON, July 8 (Reuters) - There is only

LONDON MARKET CLOSE: UK Budget Sends Some Stocks Higher, Others Lower

UPDATE 2-UK to scale back bank levy, softens tone of sector regulation

* Shares in HSBC edge higher on news of changes * Banks say overall tax bill will rise, hit new entrants * Bank of England asked to pay heed to competitiveness (Adds more detail, banking, City of London reaction) By Huw Jones LONDON, July 8 (Reuters) - Britain will large

Spain hires Barclays to advise on listing of rescued bank BMN

MADRID, July 8 (Reuters) - Spain's bank restructuring fund, which oversees the state's holdings in bailed-out lenders, has hired Barclays to advise it on the stock market listing of rescued bank BMN, two sources with knowledge of the matter said on Wednesday. BMN was one of several lenders

BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Container Store, Oculus Innovative

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, http://link.reuters.com/mex49s; for the Morning News Call newsletter, http://link.reuters.com/nex49s) U.S. stocks were set to open lower on Wednesday as Chinese ma

UK Chancellor George Osborne to cut bank levy

In the first Conservative Budget since 1996, Chancellor George Osborne announced that the bank levy rate will be gradually reduced over the next six years and a new 8% surcharge on bank profits will be introduced from January 2016. After that, Osborne said he will ensure the levy no longer applies t

UK's Osborne to reduce bank levy, introduce new profits surcharge

LONDON, July 8 (Reuters) - British finance minister George Osborne said on Wednesday he would reduce a bank levy charged on the assets of financial institutions and replace with it with a surcharge on bank profits. "I will, over the next six years, gradually reduce the bank levy rate -- and

BUZZ-U.S. STOCKS ON THE MOVE-Microsoft, Potash Corp, Peabody

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, http://link.reuters.com/mex49s; for the Morning News Call newsletter, http://link.reuters.com/nex49s) U.S. stock index futures fell on Wednesday as a rout in Chine

London midday: FTSE bounces despite China sell-off and Greek uncertainty

UK stocks advanced on Wednesday in spite of a sell-off in China overnight and ongoing uncertainties surrounding Greece, as markets bounced back after falling to their lowest in nearly six months. The FTSE 100 was up 0.7% at 6,477.14 by midday, after settling at 6,432.21 on Tuesday, its lowest since

LONDON MARKET MIDDAY: Wall Street Seen Down Ahead Of FOMC Minutes

2ND UPDATE: Barclays Seeks CEO To Drive Growth After Sacking Jenkins