Barclays Share News (BARC)

India may find few takers for new foreign bank rules

* Central bank move is part of response to financial crisis * Says local units of banks would gain from being subsids * Banks would face demands such as "priority sector" lending * StanChart, HSBC among those seen mulling change By Subhadip Sircar and Sumeet Chatterjee

Thursday broker round-up

Afren: Liberum Capital takes target price from 136p to 197p and upgrades to buy. African Minerals: Liberum Capital cuts target price from 423p to 410p, while staying with its buy recommendation. Canaccord Genuity reduces target price from 400p to 345p leaving its buy recommendation unchanged. Alen

UPDATE 2-UK regulator urges banks to speed up "swaps" compensation

* FCA says 15.3 mln stg paid out to small firms so far * Banks have set aside over 3 bln stg for compensation * Only 125 customers have received payouts * Regulator writes to bank CEOs to speed up process By Matt Scuffham LONDON, Nov 7 (Reuters) - Britain's financial

BROKER RATING CHANGES: Deutsche Bank Cuts Weir Group To Hold

RPT-Fitch publishes Petercam L bonds government sustainable 'strong' fund quality rating

Nov 7 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has published Petercam L Bonds Government Sustainable's (PGS), a fund managed by Petercam Institutional Asset Management (Petercam IAM), 'Strong' Fund Quality Rating. The 'Strong' rating refl

Thursday newspaper round-up: Banks, Twitter, Africa

One hundred of the world's largest banks could be dismantled or taken over by more successful rivals within the next couple of years, according to a report by McKinsey & Co.. About a fifth of the world's top 500 banks are at risk of becoming a takeover target due to their underperformance and inabil

UK watchdog says rate swaps compensation totals 15.3 mln stg

LONDON, Nov 7 (Reuters) - Britain's financial watchdog The Financial Conduct Authority said UK banks have so far paid out 15.3 million pounds ($24.6 million) compensating small businesses mis-sold complex interest rate hedging products. The products were designed to protect smaller companie

CORRECTED-Creditors to vote on Patriot Coal's bankruptcy exit plan

(Corrects 2nd paragraph to reflect that Patriot, not Peabody, fought with its union) By Nick Brown Nov 6 (Reuters) - Patriot Coal Corp said on Wednesday it received court permission to send its bankruptcy exit plan to creditors for a vote, positioning it to leave Chapter 11 by year's

Lloyds Bank Says Conducting Internal Foreign Exchange Trading Review

MARKET COMMENT: UK Stocks Set To Open Slightly Higher Ahead Of Data Releases

UPDATE 4-U.S. regulator revives plan to limit excessive commodity bets

By Douwe Miedema WASHINGTON, Nov 5 (Reuters) - The U.S. derivatives regulator on Tuesday reintroduced a plan to curb commodity market speculation, reviving a crucial Wall Street reform after a judge knocked down an earlier version of its rules on position limits. The Commodity Futures

Blackstone, KKR compete for landscaper Brickman Group -sources

By Greg Roumeliotis and Soyoung Kim NEW YORK, Nov 5 (Reuters) - Blackstone Group LP and KKR & Co LP are among the buyout firms vying for Brickman Group Holdings Inc, the largest U.S. commercial landscaping company up for sale for around $1.5 billion, according to people familiar with the ma

UPDATE 1-Barclays' chief UK economist to head Bank of England forecast team

* BoE unemployment forecasts in spotlight due to guidance * Barclays view on unemployment, rates close to BoE's * Current forecast unit head to return to finance ministry By David Milliken LONDON, Nov 5 (Reuters) - The Bank of England said on Tuesday that it had hired Barc

Barclays cuts 450 UK jobs at private bank and call centre

LONDON, Nov 5 (Reuters) - Barclays is to cut about 450 jobs in Britain as it axes a third of the private bankers who look after wealthy clients and closes one of its call centres. The bank said on Tuesday that it will reduce the number of relationship managers dealing with its wealthy Briti

London close: Financials lead markets lower as RSA sinks

- UK services growth accelerated in October - European Commission downgrades Eurozone growth - RSA leads financials lower after gloomy update techMARK 2,647.46 -0.14% FTSE 100 6,746.84 -0.25% FTSE 250 15,367.61 -0.65% UK markets finished slightly lower on Tuesday as upbeat domestic economic data w