Barclays Share News (BARC)

U.S. official: Repeat offender banks could face harsh punishment

By Aruna Viswanatha WASHINGTON, Nov 18 (Reuters) - A top U.S. Justice Department official said on Monday that the department will give no leniency to financial institutions that repeatedly break the law, in a sign that banks under investigation for possible currency manipulation could face

Sector movers: Aberdeen boosts financials, Petrofac dampens oil services

Aberdeen Asset Management was a high riser in London on Monday, providing a lift to the financial sectors as investors celebrated the company's annual results and acquisition of Scottish Widows Investment Partnership (SWIP). The fund management group said that it would buy SWIP from Lloyds for £550

London midday: Aberdeen, financials lead markets higher

- Aberdeen rockets after acquisition of SWIP, results - Petrofac plummets after cautious guidance - FOMC minutes and China reforms in focus techMARK 2,647.58 -0.06% FTSE 100 6,721.15 +0.41% FTSE 250 15,272.88 +0.17% After a subdued start, UK markets pushed into positive territory by Monday lunchti

Dubai regulator sues Deutsche Bank over disclosure denial

By Dinesh Nair DUBAI, Nov 18 (Reuters) - The regulator of Dubai's tax-free financial center has sued Deutsche Bank, claiming that the German lender unlawfully refused to provide information as part of an investigation into alleged breaches of its rules. The filing is a rare step for t

Rexam packaging unit eyed by 3 rivals, private equity firms -sources

By Arno Schuetze and Soyoung Kim FRANKFURT/NEW YORK, Nov 15 (Reuters) - U.S. packaging companies Berry Plastics Group Inc and Silgan Holding Inc as well as German peer Gerresheimer are competing to buy the healthcare packaging unit of Rexam in a deal expected to fetch a little less than $1

Barclays finds home for riskiest CoCos yet

* UK bank attracts US$10bn of orders for Additional Tier 1 bond * European issuers look to put dent in EUR600bn capital pile * Market praises Barclays for careful execution By Aimee Donnellan LONDON, Nov 15 (IFR) - A high-risk jumbo CoCo sold by Barclays this week has reve

Brazilian bank BTG Pactual makes two energy hires in London-source

LONDON, Nov 15 (Reuters) - Brazilian investment bank Grupo BTG Pactual SA has hired two former Barclays Plc and Goldman Sachs Group Inc traders to manage its energy funds at the company's London office, a source at the firm said on Friday. Nima Neelakandan, previously head of emissions tra

Irish developer revives plans for Europe's tallest residential tower

LONDON, Nov 15 (Reuters) - An Irish developer is reviving plans to build Europe's tallest residential tower in London's Canary Wharf financial district, after it bought the stalled site for 100 million pounds ($160 million). The site, which sits on Canary Wharf's north-west corner, was sold

Friday newspaper round-up: Barclays, Iran, JP Morgan Chase

Barclays will make 1,700 of its branch staff redundant as it scrambles to boost returns. Five per cent of employees in the 33,600-strong retail network will lose their jobs next year, staff were told last night in a conference call to the 1,577 branches. Barclays said it was making the cuts as fewer

UK PRESS: Barclays To Cut 1,700 Jobs At UK Retail Bank - FT

UPDATE 1-U.S. judge says Detroit financing fees must be disclosed

By Joseph Lichterman DETROIT, Nov 14 (Reuters) - Detroit must disclose the fee structure of a $350 million debtor-in-possession financing agreement, a bankruptcy judge ruled on Thursday, turning back the city's efforts to keep secret the cost of a controversial loan package, and leading to

U.S. bankruptcy judge orders Detroit financing fees disclosed

By Joseph Lichterman DETROIT, Nov 14 (Reuters) - Detroit must disclose the fee structure of a $350 million debtor-in-possession financing agreement, U.S. Bankruptcy Judge Steven Rhodes said Thursday, turning back the city's efforts to keep secret the cost of landing a controversial loan pac

UPDATE 1-Fed should be tougher on large banks, Yellen says

By Douwe Miedema and Emily Stephenson WASHINGTON, Nov 14 (Reuters) - Big banks can still borrow more cheaply than competitors and should face tougher rules, the prospective new head of the U.S. Federal Reserve told lawmakers on Thursday. Large banks may have an edge because markets th

UPDATE 1-Barclays to cut 1,700 UK branch jobs due to automation

LONDON, Nov 14 (Reuters) - British bank Barclays said on Thursday it was cutting 1,700 jobs in its UK network as automation increases across its branches. The bank said technological changes would enable it to provide better service for customers with fewer staff. "Today we have outl

Barclays to cut 1,700 branch network jobs, Unite union says

LONDON, Nov 14 (Reuters) - British bank Barclays is cutting 1,700 jobs from its branch network as it moves to increase automation across its branches, the Unite union said on Thursday. "Barclays has today informed its workforce that it will be reducing 1,700 frontline roles from across its