Barclays Share News (BARC)

Bank of England fires chief FX dealer for rules breach

LONDON, Nov 12 (Reuters) - The Bank of England has fired its chief foreign exchange dealer after it found information about serious misconduct, but said the dismissal was unrelated to a foreign exchange scandal. "This information related to the Bank's internal policies, not to FX," a BoE sp

FCA fines five banks £1.1bn for forex rigging but legal claims could be larger - UPDATE

The Financial Conduct Authority (FCA) has issued its largest ever fine, slapping a £1.1bn penalty on five banks for rigging forex markets, with Barclays yet to settle, with lawyers also warning that potential further legal action could dwarf these fines. The UK regulator fined Citibank £225.6m, HSBC

REACTIONS 1-Banks fined after foreign exchange probe

LONDON, Nov 12 (Reuters) - Five of the world's biggest banks will pay almost $3.4 billion in penalties to British, U.S. and Swiss authorities for alleged manipulation of foreign exchange rates. Here are reactions to the fines. GEORGE OSBORNE, UK FINANCE MINISTER: "Today we take tough

RBS, HSBC Among Five Banks Fined Billions Over Foreign Exchange Rigging

Bank of England says FX investigation finds no BoE wrong-doing

LONDON, Nov 12 (Reuters) - The Bank of England said an investigation commissioned by its oversight committee had found no evidence that any BoE official had been involved in unlawful or improper behaviour in relation to a foreign exchange trading scandal. The Bank said the report also found

Barclays to continue to engage with authorities in forex probe

LONDON, Nov 12 (Reuters) - Barclays says concluded in interests of company to seek more general co-ordinated settlement Barclays says will continue to engage with authorities including fca/cftc to bring resolution Barclays says had considered settlement from agencies 'on closely similar terms' to

UPDATE 1-UK, U.S., Swiss close in on forex settlement with top banks

(Adds detail on U.S. settlement) By Steve Slater and Douwe Miedema LONDON/WASHINGTON, Nov 11 (Reuters) - British and U.S. regulators are poised to levy hefty fines on leading banks in a landmark settlement after a year-long global investigation of allegations of collusion and manipula

UK, U.S., Swiss close in on forex settlement with top banks

By Steve Slater LONDON, Nov 11 (Reuters) - British and U.S. regulators are poised to levy hefty fines on leading banks in a landmark settlement after a year-long global investigation into allegations of collusion and manipulation in the foreign exchange market. However, at least one o

Bank fines to aid British charities linked to poppy tribute

LONDON, Nov 11 (Reuters) - Fines paid by banks for rigging interest rates will be used to finance a tax break for British military charities raising funds from a First World War memorial that has brought millions of visitors to the Tower of London. The Treasury has said it will waive the va

Banks braced for forex rigging fines in UK and US this week

Banks in the UK are braced to receive between £1bn and £2bn of fines this week for allegedly rigging currency markets, while US regulators are also expected to reach settlements before Friday. Six banks in the UK - Barclays, Citi, HSBC, JPMorgan Chase, the Royal Bank of Scotland and UBS - have confi

UPDATE 1-U.S. veterans sue banks, claim they should pay for Iraq attacks

(Adds background on lawsuit) By Alison Frankel NEW YORK, Nov 10 (Reuters) - Wounded U.S. veterans and family members of U.S. soldiers killed in Iraq sued five European banks on Monday, seeking to hold them responsible for shootings and roadside bombings because they allegedly processe

U.S. veterans sue banks, claiming they responsible for Iraq attacks

NEW YORK, Nov 10 (Reuters) - Wounded U.S. veterans and family members of U.S. soldiers killed in Iraq sued five European banks on Monday, seeking to hold them responsible for shootings and roadside bombings because they allegedly processed Iranian money that paid for the attacks. The lawsui

FSB Consulting On Total Loss-Absorbing Capacity For "Too Big To Fail" Banks

British challenger bank Aldermore's lending up 30 pct this year

LONDON, Nov 10 (Reuters) - Aldermore, the new British bank that last month cancelled plans for a stock market listing, said its loan book swelled 10 percent to 4.4 billion pounds ($7 billion) in the latest quarter. The bank, which was expected to be valued at about 800 million pounds in the

LBMA-With gold benchmark fixed, OTC trade eyed as next reform milestone

* Precious metals benchmarks revamped in 2014 * Bullion market transformation at infant stage * Clearing trades on exchanges could be next step By Clara Denina Nov 9 (Reuters) - Calling time on London's century-old gold "fix" could mark the beginning of an even wider indus