LONDON, July 31 (Reuters) - Barclays Plc has hired Marc Chowrimootoo from Bank of American Merrill Lynch to join its leveraged finance team in Europe, a person familiar with the matter said. It is one of several changes in Barclays' leveraged finance and financial sponsors business in Europ
Read more- FTSE closes down 34.31 at 6,773.44 - Energy stocks hit by Russian sanctions - Eurozone confidence beats expectations - US GDP growth 4% techMARK 2,779.29 -0.11% FTSE 100 6,773.44 -0.50% FTSE 250 15,629.84 -0.36% London's blue chips ended Wednesday's session firmly in the red, with the sharpest
Read moreWell-received interim results from Barclays saw the London-listed banking sector rise to the top of the pile on Wednesday as the UK lender bettered analysts' forecasts. The lender reported an 8% fall in adjusted pre-tax profit in the second quarter to £1.656m, which it blamed on currency movements
Read moreBarclays was in the top spot after reporting a less-than-expected 12% fall in total income adjusted for insurance claims for the first half to £13.32bn, driven by reductions at its investment and African banking units. The consensus estimate had been for a drop to £13.23bn. Numis Securities reiter
Read more(Rewrites first paragraph, adds detail, banking reaction, link to factbox) By Huw Jones LONDON, July 30 (Reuters) - Miscreant bankers face having their bonuses clawed back for up to seven years after their award under measures set out on Wednesday by the Bank of England, as it tighten
Read moreBy Kirstin Ridley and Matt Scuffham LONDON, July 30 (Reuters) - Britain's Serious Fraud Office (SFO) is examining material that might trigger a criminal investigation into former and current staff at Lloyds Banking Group, the partly state-owned bank, sources said on Wednesday. The sou
Read moreThe stock market gave a warm reaction to Barclays' first-half results on Wednesday, with analysts upbeat about the bank's better-than-expected results. Numis Securities reiterated a 'buy' recommendation for the stock, saying that "Investment Bank revenues were better than feared, the balance sheet
Read more* H1 headline EPS up 10 pct, in line with forecasts * Rest of Africa earnings up 34 pct * Credit impairments down 7 pct * Shares up nearly 30 pct this year (Recasts, adds details and quotes) By Helen Nyambura-Mwaura JOHANNESBURG, July 30 (Reuters) - Barclays Africa
Read moreLONDON, July 30 (Reuters) - Barclays Plc is at least halfway through the repositioning of its investment bank and nearly all of the changes to its front office operations will be done this year, its chief executive said on Wednesday. Barclays is cutting the size of its investment bank so it
Read more- Corporate earnings receive mixed market reaction - Barclays, Travis Perkins and Astra rise - Antofagasta, ITV and Compass fall - US data, Fed decision in focus later on techMARK 2,783.73 +0.05% FTSE 100 6,803.99 -0.06% FTSE 250 15,675.20 -0.08% The FTSE 100 was trading broadly flat on Wednesday,
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