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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
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Share Price: 202.35
Bid: 202.15
Ask: 202.25
Change: 1.35 (0.67%)
Spread: 0.10 (0.049%)
Open: 202.50
High: 203.40
Low: 199.58
Prev. Close: 201.00
BARC Live PriceLast checked at -

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German watchdog to quiz Deutsche Bank chiefs on Libor-sources

Fri, 11th Jan 2013 14:36

By Philipp Halstrick FRANKFURT, Jan 11 (Reuters) - Germany's financial regulatorwill question Deutsche Bank AG's leaders in comingweeks as part of a probe into the manipulation of the Liborrate, two sources familiar with the investigation said. Deutsche Bank Chairman Paul Achleitner and Co-ChiefExecutives Anshu Jain and Juergen Fitschen are among those dueto be questioned by Bafin, the sources said on Friday. "The questioning of top managers is standard procedure in aspecial probe," one of the sources said. Bafin has been investigating for months what role Germany'sflagship lender may have played in an international scandalinvolving how the London Interbank Offered Rate (Libor) was set. Libor, compiled from estimates by large banks of how muchthey expect to pay to borrow from each other, is used as areference to set interest rates on trillions of dollars worth ofcontracts around the world. Deutsche Bank has said it is cooperating with authorities inthe investigation. An internal enquiry by the lender found nocurrent or former management board members were inappropriatelyinvolved. Before becoming Co-CEO, Jain was in charge of the investmentbanking division, where Libor rates were set. Deutsche declined comment. Sources familiar with the matter had told Reuters onThursday that Bafin expects to complete its investigation by theend of March. Bafin is focusing on potential structural weaknesses inDeutsche's internal controls, as well as possible wrongdoing byindividual Libor traders. POSSIBLE FINE Financial daily Handelsblatt on Friday cited sourcesfamiliar with the investigation as saying the bank had for toolong underestimated the risk of Libor manipulation, and shouldhave started its internal probe and adjusted processes muchearlier. Deutsche Bank could face a fine if that view is confirmed,the paper said. Bafin declined to comment. Regulators in Europe, Japan and the United States have beenexamining more than a dozen big banks over suspected rigging ofLibor. British lender Barclays agreed to pay a fine ofmore than $450 million, and Swiss bank UBS agreed topay $1.5 billion to regulators over its submissions of interbankrates. Deutsche Bank has viewed any manipulation to be the work ofindividuals who have already been suspended by the bank, banksources have told Reuters. As the credit crisis intensified from 2006 through 2008,suspicions grew that Libor no longer reflected the true costbanks were paying for funds. Authorities have been examiningwhether traders tried to influence the rate to benefit their ownpositions. The daily Libor poll asks banks at what rate they think theywill be able to borrow money from each other in 10 majorcurrencies and for 15 borrowing periods ranging from overnightloans to 12 months. Thomson Reuters, parent company of Reuters, has beencalculating and distributing Libor rates for Libor's sponsor,the British Bankers' Association, since 2005.
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Today 08:37

Norway wealth fund to back Barclays CEO, chair at AGM

OSLO, May 4 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, supports the reappointment of Barclays CEO C.S. Venkatakrishnan and Chair Nigel Higgins to the British bank's board, the fund manager said on Saturday.

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3 May 2024 17:04

Ex-Odey portfolio manager Hanbury warns investors are 'buying blind'

LONDON, May 3 (Reuters) - Former Odey Asset Management (OAM) portfolio manager James Hanbury has said in a letter to investors that passive and systematic trading strategies have grown so much that those trading on company fundamentals might be hurt.

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2 May 2024 13:48

UK shareholder meetings calendar - next 7 days

Friday 3 May 
Ashoka India Equity Investment Trust PLCGM re share issue
HSBC Holdings PLCAGM
Intercontinental Hotels Group PLCAGM
Mondi PLCAGM
More Acquisitions PLCAGM
Monday 6 May 
no events scheduled 
Tuesday 7 May 
Caledonia Mining Corp PLCAGM
CPPGroup PLCAGM
Just Group PLCAGM
Macfarlane Group PLC AGM
Plus500 LtdAGM
Supernova Digital Assets PLCAGM
Wednesday 8 May 
Airea PLCAGM
Antofagasta PLCAGM
Aston Martin Lagonda Global Holdings PLCAGM
Deltex Medical Group PLCAGM
Direct Line Insurance Group PLCAGM
Fidelity European Trust PLCAGM
Haleon PLCAGM
Jardine Matheson PLCAGM
JZ Capital Partners LtdEGM re investing in a secondary fund
Oscillate PLCAGM
Pershing Square Holdings LtdAGM
Rentokil Initial PLCAGM
WPP PLCAGM
Thursday 9 May 
Ascential PLCAGM
BAE Systems PLCAGM
Balfour Beatty PLCAGM
Barclays PLCAGM
CAB Payments Holdings PLCAGM
Catenai PLCGM re convertible loan note
Clarkson PLCAGM
FBD Holdings PLCAGM
Genel Energy plcAGM
Gym Group PLCAGM
Harbour Energy PLCAGM
Hiscox LtdAGM
IMI PLCAGM
Inchcape PLCAGM
Indivior PLCAGM
John Wood Group PLCAGM
Jupiter Fund Management PLCAGM
Logistics Development Group PLCAGM
Man Group PLCAGM
Morgan Advanced Materials PLCAGM
OSB Group PLCAGM
Public Policy Holding Co IncAGM
Rathbones Group PLCAGM
RM PLCAGM
Spire Healthcare Group PLCAGM
Synthomer PLCAGM
Uniphar PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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1 May 2024 14:50

Barclays to cut jobs in investment banking - reports

(Sharecast News) - Barclays has reportedly kicked off a fresh round of redundancies, cutting "a few hundred roles" at its investment bank as it looks to tackle underperformers and reinvest in new talent.

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30 Apr 2024 20:30

GM in talks with Barclays to replace Goldman Sachs in credit card partnership -source

NEW YORK April 29 (Reuters) -

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29 Apr 2024 10:02

LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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26 Apr 2024 16:35

London close: Stocks buoyed by banking, mining positivity

(Sharecast News) - London's equity markets closed positively on Friday, buoyed by gains in the banking sector following better-than-expected results from NatWest.

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26 Apr 2024 16:19

European bank stocks at highest since 2015 after earnings boost

STOXX Europe 600 banks index highest since Oct. 2015

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26 Apr 2024 09:45

NatWest profit falls less than feared ahead of state escape

First-quarter profit down 27% in competitive market

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26 Apr 2024 09:33

LONDON BROKER RATINGS: Peel Hunt cuts ConvaTec to 'reduce'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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25 Apr 2024 16:57

LONDON MARKET CLOSE: FTSE 100 shakes off red-hot US inflation gauge

(Alliance News) - London's FTSE 100 outperformed on Thursday, enjoying a solid rise on largely well-received corporate earnings and a share price jump for miner Anglo American after it received a takeover bid from peer BHP.

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25 Apr 2024 15:14

London close: Stocks finish mixed as US GDP growth slows

(Sharecast News) - London's stock markets finished with a mixed performance on Thursday, as investors digested a slower-than-expected GDP growth reading from the United States, while a slew of well-received earnings underpinned the top-flight index.

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25 Apr 2024 11:00

Where are Wall Street's analyst notes on Trump's Truth Social?

NEW YORK, April 25 (Reuters) - Trump Media & Technology Group is one of the most actively traded U.S. stocks, yet Wall Street's equity analysts are staying clear.

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25 Apr 2024 09:19

Barclays Q1 profit falls 12% as trading slump hits

Q1 profit of 2.3 bln pounds, just above forecasts

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25 Apr 2024 08:36

TOP NEWS: Barclays first quarter profit falls but beats expectations

(Alliance News) - Barclays PLC on Thursday reported a fall in first quarter profits as a weak investment banking performance hindered performance.

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