Barclays Share News (BARC)

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

HIGHLIGHTS-Comments from British Bankers' Association conference

(Adds quotes) LONDON, Oct 16 (Reuters) - The British Bankers' Association (BBA), the lobby group for more than 240 UK and overseas firms, held its annual conference on Thursday, attended by politicians, regulators and bank executives and other staff. Here are selected comments from th

London midday: FTSE 100 drops another 1.8% as sell-off resumes

In spite of an initial 'dead cat bounce' in early deals, London's FTSE 100 tanked again on Thursday morning with the index sinking to levels not seen since June 2013 The UK benchmark index was down 1.8% at 6,099 by lunchtime, having earlier touched a high of 6,282.95, with banking shares sinking sha

UPDATE 3-EU watchdog says bankers' allowances breach bonus rule

* EBA: role-based allowances part of bonus, not fixed pay * Banks must change non complying allowances by end December * Ruling puts EBA on collision course with Britain * Ruling mostly affects bankers in London * PwC says outcome is at most severe end of expectations (A

BUZZ-British banks: EU watchdog says bankers' bonuses breach rule

** U.S-listed shares of British bank Barclays Plc down 3.3 pct at $13.73, while Royal Bank of Scotland's shares down 3 pct at $11.01 ** European Union's banking watchdog says nearly all new types of allowance paid to bankers breach its cap on bonuses and must be changed by year end

New UK bank rules help 22 pct rise in account switching

LONDON, Oct 15 (Reuters) - More than 1.2 million Britons switched bank accounts in the first year of new rules making it easier to change banks, a 22 percent increase on the previous year and marking some progress in the government's drive to boost competition. Halifax, part of Lloyds Banki

UK MIDDAY BRIEFING: M&A News, CEO Steals Dominate