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Barclays has confirmed Financial Director Chris Lucas will step down this week for health reasons. Lucas was due to depart the company on February 28th 2014 but said he would now leave on Friday. "My health was a key factor behind my decision to step down which we announced in February," he said
Read moreBarclays Finance Director Chris Lucas is to step down this week, leaving the bank in the lurch as it tries to raise nearly 6bn pounds from shareholders, The Telegraph revealed. The US Department of Justice has sued to block the $11bn merger of US Airways and American Airlines' bankrupt parent, sayi
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LONDON, Aug 14 (Reuters) - Barclays Finance Director Chris Lucas is stepping down from the bank six months ahead of his scheduled retirement, citing health reasons, the bank said on Wednesday. Lucas, aged 52, who has been finance director for a tough six years that spanned the global financ
Read moreLONDON, Aug 14 (Reuters) - Barclays Finance Director Chris Lucas is stepping down from the bank six months ahead of his scheduled retirement, citing health reasons, the bank said on Wednesday. Lucas, aged 52, who has been finance director for a tough six years that spanned the global financ
Read moreAug 13 (Reuters) - Barclays Plc's finance director Chris Lucas could leave the bank as early as this week, six months ahead of his scheduled retirement, the Guardian reported on Tuesday, citing health issues. Barclays declined to comment on the report. () Lucas, aged 52, announced his
Read moreBy Alastair Sharp TORONTO, Aug 13 (Reuters) - Ontario's securities regulator is seeking opinions on a prospective exchange operator's radical proposals about market trades and will mull whether to amend rules governing Canadian markets to accommodate the newcomer. The new entrant, Aeq
Read more* "Indigenisation" strategy targets foreign mines, banks * Mugabe rejects criticism of his disputed re-election * Praises armed forces as "reliable pillar" of his rule By Cris Chinaka HARARE, Aug 13 (Reuters) - Zimbabwe's President Robert Mugabe said on Tuesday he saw his
Read moreFresnillo's shares surged after UBS rated its stocks a 'buy', saying it was well placed to handle the volatility of gold and silver prices by keeping costs down and generating free cash flow. Wood Group rallied after Investec raised its target price to 900p from 800p, noting the company's strong p
Read moreBy Anjuli Davies and Arno Schuetze LONDON/FRANKFURT, Aug 13 (Reuters) - Beverage can maker Rexam has launched the sale of its healthcare packaging business, which could fetch around 650 million pounds ($1 billion), four banking sources told Reuters. Rexam said in June it would sell it
Read moreBarclays is reviewing its retail banking operations in the United Arab Emirates (UAE) for the possible sale of the business, sources told Reuters. The British bank confirmed it was conducting a review of the business but did not provide any further details. The review is being conducted internall
Read more(Updates with reasons for potential sale) By Dinesh Nair DUBAI, Aug 13 (Reuters) - Barclays Plc is conducting a strategic review of its retail banking operations in the United Arab Emirates which could lead to a sale of the business, according to two sources familiar with the matter.<
Read more(Repeats with no change to text) By Dinesh Nair DUBAI, Aug 13 (Reuters) - Barclays Plc is conducting a strategic review of its retail banking operations in the United Arab Emirates which could lead to a sale of the business, according to two sources familiar with the matter. Bar
Read moreBy Dinesh Nair DUBAI, Aug 13 (Reuters) - Barclays Plc is conducting a strategic review of its retail banking operations in the United Arab Emirates which could lead to a sale of the business, according to two sources familiar with the matter. Barclays, Britain's third-largest bank, co
Read more* IRS argues "economic substance" in STARS tax disputes * Obama's 2010 healthcare overhaul gave IRS legal boost * Major banks take on tax agency over Barclays dealings By Patrick Temple-West and Kevin Drawbaugh WASHINGTON, Aug 11 (Reuters) - A sharp tool in the U.S. govern
Read moreEuropean banks need to cut 3.2trn euros in assets by 2018 in order to comply with the Basel III regulations. The largest financial institutions need to shed €661bn in assets and come up with €47bn in capital, while smaller banks would be required to remove €2.6trn from their balance sheets, accordi
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