Barclays Share News (BARC)

Barclays promotes Attea to co-head of US securitized products

By Adam Tempkin NEW YORK, Oct 31 (IFR) - Barclays has promoted Martin Attea to co-head of its US securitized-products group, replacing Diane Rinnovatore, who has left the firm after 16 years, according to sources familiar with the matter. Attea, who was formerly a senior originator of

Fannie Mae sues nine banks over Libor

NEW YORK, Oct 31 (Reuters) - Fannie Mae on Thursday sued nine banks alleging manipulation of interest rates. The mortgage finance company filed its lawsuit in the U.S. District Court in Manhattan. Smaller rival Freddie Mac filed a similar lawsuit in March against more than a dozen banks.Read more

Citigroup puts senior FX dealer in London on leave -source

LONDON, Oct 31 (Reuters) - Citigroup has put its head of European spot currency trading in London, Rohan Ramchandani, on leave, as a global investigation into possible manipulation of foreign exchange rates gathers steam, a source familiar with the matter said on Thursday. The move was mutu

Trading crunch hits Europe investment banks' Q3 with more to come

* Top banks see slide in trading revenue * Fixed income, currency trading the main losers * Equity deals take bigger slice of trading pie * Trend to continue into year-end By Simon Jessop and Toni Vorobyova LONDON, Oct 31 (Reuters) - Europe's leading investment banks

BROKER RATING CHANGES: Four Banks Raise Next Price Target

Thursday broker round-up UPDATE

African Barrick Gold: Deutsche Bank ups target price from 145p to 190p and retains its hold recommendation. HSBC takes target price from 170p to 200p keeping a neutral rating. JP Morgan raises target price from 140p to 180p and reiterates a neutral rating. Balfour Beatty: Berenberg increases target

Thursday newspaper round-up: Google, Bank of America, Barclays

Google on Wednesday declared that it was "outraged" by apparent US government attempts to siphon information about millions of its users from its network, as the latest revelations in the internet surveillance scandal left it struggling to reassure its global users about the security of their person

Sins of past, present and future haunt banks

By Steve Slater LONDON, Oct 31 (Reuters) - The cost to banks of cleaning up past misdeeds has soared over $100 billion and is leaving lenders running scared from areas that put them in potential danger of upsetting regulators. This week alone, Deutsche Bank, UBS and Lloyds revealed mo

UPDATE 1-JP Morgan puts London FX chief on leave, Citi reported to do same

LONDON, Oct 30 (Reuters) - JP Morgan has put its chief currency dealer in London, Richard Usher, on leave, a source familiar with the matter said on Wednesday, and Bloomberg reported Citigroup Inc had done the same with its chief dealer. This mirrors developments at Standard Chartered, whic

Madoff trustee may pursue $8 bln claims vs banks in feeder fund cases

JP Morgan puts chief FX dealer in London on leave -source

LONDON, Oct 30 (Reuters) - JP Morgan has put its chief currency dealer in London, Richard Usher, on leave, a source familiar with the matter said on Wednesday. This mirrors developments at Standard Chartered, which has also put one of its senior FX traders on leave, according to a source fa

London close: FTSE almost flat ahead of Fed decsion

- FTSE closes almost flat, erasing earlier gains - Tracking loses seen in US ahead of Fed decision - Next holds onto position in top spot, Standard Life leads fallers techMARK 2,665.02 +0.34% FTSE 100 6,777.70 +0.04% FTSE 250 15,582.96 +0.31% The FTSE beat a hasty retreat this afternoon erasing m

Optical retailer National Vision eyes $1 billion sale -sources

By Olivia Oran and Greg Roumeliotis and Soyoung Kim Oct 30 (Reuters) - National Vision Inc is exploring a sale that could value the fourth largest retailer of eyeglasses and contact lenses in the United States at around $1 billion, three people familiar with the matter said this week. Read more

FTSE 100 movers: Next rings up top Q3 results

High Street clothing and homeware retailer Next topped the leader board after it reported an increase in third quarter sales, despite ongoing trading volatility, as it upwardly revised its earnings forecasts for the full year. Sector peer Marks and Spencer was also firmly higher after Kantar World

UPDATE 1-RBS reviews FX practices, Barclays flags probe

By Jamie McGeever and Matt Scuffham LONDON, Oct 30 (Reuters) - Fallout from global investigations into possible manipulation of the $5.3 trillion-a-day forex market spread on Wednesday, as Royal Bank of Scotland (RBS) said it had sought to reassure clients about rates they were offered whil