Barclays Share News (BARC)

UPDATE 2-UK watchdog wants to ease bank account switching

(Adds Payment Systems Regulator comment) By Huw Jones LONDON, March 12 (Reuters) - Allowing customers to take their bank account number with them would encourage more Britons to switch lenders, Britain's financial regulator said on Thursday. Such flexibility has long been a feat

UK banks' bill for mis-selling loans insurance hits 18 bln pounds

LONDON, March 12 (Reuters) - Britain's banks and other lenders have paid out 18 billion pounds ($27 billion) to compensate borrowers mis-sold payment protection insurance (PPI), after paying out 339 million pounds in December, the financial regulator said. The bill for December was an incre

Aequitas raises additional funds ahead of stock exchange launch

TORONTO, March 12 (Reuters) - Aequitas Innovations Inc said on Thursday it has completed a new round of capital raising ahead of the launch of its new stock exchange , which is set to begin operations this month. The Toronto-based firm said indications of interest from both founding shareho

UK finance ministry backs independent review of swaps redress

LONDON, March 12 (Reuters) - Britain's finance ministry said that it supported an independent review into a scheme set up by Britain's financial regulator to compensate small firms mis-sold complex interest rate hedging products. Parliament's Treasury Committee on Tuesday recommended that t

UPDATE 1-Fed puts European banks on notice to improve U.S. controls

(Adds regulation lawyer quote) By Thomas Atkins and Sarah White FRANKFURT/MADRID, March 12 (Reuters) - European banks operating in the United States face an expensive challenge to meet tough standards set by regulators after both Santander and Deutsche Bank flunked a healthcheck and

UPDATE: Shawbrook Latest New UK Lender To Head To Stock Market (ALLIPO)

Fed puts European banks on notice to improve U.S. controls

By Thomas Atkins and Sarah White FRANKFURT/MADRID, March 12 (Reuters) - European banks operating in the United States face an expensive challenge to meet tough standards set by regulators after both Santander and Deutsche Bank flunked a healthcheck and were told to improve systems and con

UK financial watchdog backs bank account 'portability'

LONDON, March 12 (Reuters) - Allowing customers to keep their bank account number would encourage them to switch to a rival lender, Britain's financial regulator said on Thursday. Banks have said account number "portability" would be costly but the Financial Conduct Authority has backed the

UPDATE 2-New Credit Suisse boss faces stiff challenge in Asia

* CS could cut 3000 jobs from investment bank -analysts * Push into Asia private wealth faces challenge from incumbent UBS * CS also lags Swiss rival in investment banking in Asia (Rewrites throughout, adds details on CS performance in Asia) By Lisa Jucca and Steve Slater <

Canada's Neo stock exchange to waive market data fees for some

TORONTO, March 11 (Reuters) - A new Canadian stock exchange set to launch in late March will offer attractive fees for market data or waive them altogether in a bid to challenge the dominance of TMX Group Ltd's Toronto Stock Exchange (TSX). Aequitas Innovations Inc said on Wednesday that it

Britain's banking shake-up will take at least five years to bear fruit -regulator

By Huw Jones LONDON, March 11 (Reuters) - It will take another five years or more to make real inroads into the dominance of Britain's five biggest banks, a senior Bank of England official said on Wednesday. Two years ago the government and regulators made it easier for new entrants t

EU mergers and takeovers (March 11)

BRUSSELS, March 11 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS None NEW LISTINGS -- Spanish oil company Repsol to acquire Canadian oil and gas producer Talisman Energy I

Investors to pause forex litigation amid U.S. government probe

By Nate Raymond NEW YORK, March 10 (Reuters) - Lawyers pursuing an antitrust lawsuit by investors accusing 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market agreed to put most of the litigation on hold amid a related criminal probe by the U.S. Department of

UPDATE 2-UK MPs want independent review of swaps redress scheme

* Committee recommends independent oversight of review * Says FCA must demonstrate process credible * Says Treasury can require work to be done (Adds further comments from Committee chairman) By Matt Scuffham LONDON, March 10 (Reuters) - Britain's financial regulator sho

MOVES-Barclays appoints Jay O'Neil managing director in Los Angeles

March 10 (Reuters) - Barclays Plc has appointed Jay O'Neil a managing director and regional manager for wealth and investment management in Los Angeles. O'Neil joins from Macquarie Bank, where he was most recently the head of the private bank, Barclays said. His previous employers inc