Barclays Share News (BARC)

UPDATE 1-UK fraud prosecutor seeks more cash for big cases

(Adds quotes from David Green, Emily Thornberry, details) By Kirstin Ridley LONDON, Oct 23 (Reuters) - Britain's Serious Fraud Office (SFO) has asked the government for an extra 26.5 million pounds ($42.4 million) to help fund complex inquiries such as financial benchmark manipulation

UPDATE 1-MOVES-Barclays revamps FIG coverage following Appen departure

(Adds detail on clients' needs, updates Davey quotes) By Aimee Donnellan LONDON, Oct 23 (IFR) - Barclays is revamping its financial institutions group business for the second time in under two years, appointing Ben Davey as the sole head of financial institutions Europe, Middle East a

UK fraud prosecutor seeks extra 26.5 million pounds for big cases

LONDON, Oct 23 (Reuters) - Britain's leading prosecutor, the Serious Fraud Office (SFO), has asked its government paymasters for an extra 26.5 million pounds ($42.4 million) to help fund complex investigations, such as alleged financial benchmark manipulation and corruption cases. The agenc

Bank of England sets outs blueprint for dealing with failed banks

LONDON, Oct 23 (Reuters) - Managers of a failed bank would be replaced immediately and creditors told they will suffer losses, the Bank of England said on Thursday in its blueprint for avoiding taxpayer bailouts in future financial crises. The Bank set out for the first time the steps it wo

MOVES-Barclays revamps FIG coverage following Appen departure

By Aimee Donnellan LONDON, Oct 23 (IFR) - Barclays is revamping its financial institutions group business for the second time in under two years, appointing Ben Davey as the sole head of financial institutions Europe, Middle East and Africa following the departure of Allen Appen earlier thi

Tesco Bank lifts profit in first half as lending grows

LONDON, Oct 23 (Reuters) - Tesco Bank said its trading profit increased by 15.9 percent to 102 million pounds ($164 million) in the six months to the end of August, driven by a strong increase in lending. The bank, which is owned by Britain's biggest retailer, said on Thursday customer numb

UPDATE 1-BoE's Bailey: too late to revise allowances for 2014 bank bonuses

(Adds more detail, comments) By Huw Jones LONDON, Oct 22 (Reuters) - It is too late to change the allowances paid to top banking staff that have been deemed to breach European Union law, a senior Bank of England official said on Wednesday. The EU's banking watchdog, the European

BoE's Bailey: too late to revise allowances for 2014 bank bonuses

LONDON, Oct 22 (Reuters) - It is too late to change the allowances paid to top banking staff that have been deemed to breach European Union law, a senior Bank of England official said on Wednesday. The EU's banking watchdog, the European Banking Authority (EBA), said on Oct. 15 that "role b

Regulators should step back from setting a bank's culture -Barclays

LONDON, Oct 20 (Reuters) - Regulators should not get involved in setting the culture of a bank, which should remain the preserve of individual firms as they try to restore trust, the chairman of Barclays said on Monday. David Walker, who became chairman of Barclays in November 2012 after a

Banks are starting to look like utilities, Brewin Dolphin says

Britain's banks are becoming more like utilities as they focus on traditional retail banking rather than "casino" investment banking after the financial crisis, according to broker Brewin Dolphin. The banks are increasingly adopting characteristics common among defensive stocks like utilities, such

MEDIA-Macquarie takes over Barclays U.S. power trading book -Risk

-- Source link: http://www.risk.net/energy-risk/news/2376469/macquarie-acquires-barclays-us-power-trading-book -- Note: Reuters has not verified this story and does not vouch for its accuracy

UPDATE 1-BoE's Cunliffe says banks may have to cut pay

(Adds more detail from speech) By Huw Jones LONDON, Oct 20 (Reuters) - Banks may have to cut pay because they are unlikely to see again the high rate of returns they enjoyed before the financial crisis, Bank of England Deputy Governor Jon Cunliffe said on Monday. Returns on equi

BoE's Cunliffe says banks may have to cut pay

LONDON, Oct 20 (Reuters) - Banks may have to cut pay because they are unlikely to see again the high rate of returns they enjoyed before the financial crisis, Bank of England Deputy Governor Jon Cunliffe said on Monday. Banks saw returns on equity (RoE) of 20 percent or more in before the 2

PRESS: UK Banks To Take Forex Fines Hit Within Weeks - Sky News

TSB chair calls for full-blown competition inquiry into UK banks

LONDON, Oct 16 (Reuters) - TSB Banking Group's Chairman Will Samuel said the bank wants Britain's competition watchdog to launch a full blown investigation of the sector. Britain's new Competition and Markets Authority is consulting on whether to launch investigations into the personal cur