Barclays Share News (BARC)

UPDATE 3-Barclays to fight $453 mln power fine in U.S. court

UPDATE 3-Barclays to fight $453 mln power fine in U.S. court

By David Sheppard NEW YORK, July 16 (Reuters) - Barclays will contest a record $453 million fine imposed by a U.S. energy regulator against the British bank and four of its power traders, setting up a likely federal court battle. The fines, which were upheld by the Federal Energy Regu

Barclays to contest fine for rigging US energy prices

Barclays says it will contest a fine of 453m dollars levied on the bank and its traders for manipulating energy prices in the US from 2006 to 2008. The record penalty, equal to £298m, outstrips the total of $360m Barclays was fined in the US last year for rigging the inter-bank lending rate. The F

Wednesday newspaper round-up: Barclays, BoE, UK water

Barclays has been hit with a record $470m penalty from US Federal Energy Regulatory Commission for manipulating power prices, the Financial Times revealed. The Bank of England's Executive Director for markets, Paul Fisher has told MPs that a quantitative easing programme may have been manipulated

UPDATE 2-US regulator upholds record $453 mln Barclays power-trade fine

By David Sheppard NEW YORK, July 16 (Reuters) - The U.S. Federal Energy Regulatory Commission (FERC) said on Tuesday Barclays and four of its power traders must pay fines totaling $453 million, confirming the nation's top energy cop will pursue its most ambitious market manipulation case

UPDATE 1-US regulator upholds $453 mln Barclays power trading fine

By David Sheppard NEW YORK July 16 (Reuters) - The U.S. Federal Energy Regulatory Commission (FERC) said on Tuesday Barclays and four of its power traders must pay fines totaling $453 million, confirming the nation's top energy cop will pursue its most ambitious market manipulation case t

US regulator upholds $453 million Barclays power trading fine

July 16 (Reuters) - The U.S. Federal Energy Regulatory Commission (FERC) ordered Barclays and four of its power traders to pay fines totaling $453 million on Tuesday, saying the bank manipulated California's electricity markets last decade. The fine, first proposed in October 2012, must be

MOVES-Barclays, Banco Santander, Stifel, AXA Art, William Blair

July 16 (Reuters) - The following financial services industry appointments were announced on Tuesday. To inform us of other job changes, email to moves@thomsonreuters.com. BARCLAYS PLC The bank has poached JP Morgan executive Tushar Morzaria to become its new finance director, offerin

Regulators spell out fine print of big bank rescues

* Big banks get more detailed rules on recovery plans * Regulators shy away from specific capital ratio trigger * FSB says hitting trigger does not mean automatic action By Huw Jones LONDON, July 16 (Reuters) - The world's top banks must spell out what would trigger capita

UK banks clear Treasury tax hurdle on capital deals

By Natalie Harrison LONDON, July 16 (IFR) - The UK banking sector could now be just months away from receiving the green light on issuing much-needed hybrid capital after the Treasury gave guidance for its tax treatment that went beyond what many market participants had expected. The

MOVES-Barclays, ING Investment, AXA Art, Income Partners, Rothschild

July 16 (Reuters) - The following financial services industry appointments were announced on Tuesday. To inform us of other job changes, email to moves@thomsonreuters.com. BARCLAYS PLC The bank has poached JP Morgan executive Tushar Morzaria to become its new finance director, offerin

UPDATE 2-Barclays poaches JP Morgan's Morzaria as new finance chief

* Barclays grabs finance director of JP Morgan investment bank * Morzaria could earn 6 mln stg in annual pay, bonus, awards * JP Morgan says to announce replacement in coming days * U.S. bank praises "analytical ability...steady demeanour" By Steve Slater LONDON, Jul

Barclays names Morzaria new Finance Director

Barclays today named Tushar Morzaria as its new Finance Director replacing Chris Lucas who announced his intention to retire in February. Morzaria is expected to start work at Barclays in the autumn and he will join the board an Executive Director at the start of next year. "This will allow for an

UPDATE 1-Barclays poaches JP Morgan's Morzaria as new finance boss

LONDON, July 16 (Reuters) - Barclays has poached JP Morgan executive Tushar Morzaria to become its new finance director from February, offering up to 6 million pounds ($9.1 million) in annual pay and awards to help its recovery from a series of scandals. It ends a lengthy search for a finan

Barclays picks JP Morgan's Morzaria as new finance director

LONDON, July 16 (Reuters) - Barclays said Tushar Morzaria, an executive at JP Morgan, will become its new finance director in February, bringing in someone from outside British banking to help its recovery from a series of scandals. It ends a lengthy search for a finance director, after th