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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
Share Price is delayed by 15 minutes
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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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RBS gears up for LIBOR-fixing repercussions

Tue, 31st Jul 2012 15:12

A settlement between UK bank Royal Bank of Scotland (RBS) and authorities regarding the investigation into attempted LIBOR-fixing may be announced in the next few months.The interest-rate rigging scandal that led to numerous resignations on fellow lender Barclays's board - including Chief Executive Officer (CEO) Bob Diamond - may prompt politicians to pressure RBS's CEO, Stephen Hester, into leaving, The Wall Street Journal reported on Tuesday.Due to the government's 83% stake in RBS, UK authorities have been put in a awkward position: they need to get tough on banks that do not follow rules, but also should consider the value of their shareholding.The paper cites analyst Shailesh Raikundlia from Espirito Santo as saying: "If Hester were to leave, we think it would definitely affect the share price, and the government is probably very aware of that."Hester, who joined the bank as CEO in 2008 when the bank was bailed out by the government, is seen as responsible for turning the group around, trimming its toxic balance sheet and cutting losses.Speaking to The Guardian on Sunday, he said: "RBS is one of the banks tied up in Libor. We'll have our day in that particular spotlight as well."RBS's first-half results are expected on Friday.Shares were trading 3.92% lower at 213.5p on Tuesday afternoon in London.BC
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Sainsbury's to gradually withdraw from banking

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17 Jan 2024 18:39

Bank CEOs, huddled in private in Davos, worry about competition, economy - sources

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16 Jan 2024 12:51

Ex-Barclays duo agree Panmure and Liberum investment bank merger

Jan 16 (Reuters) - Former Barclays veterans Bob Diamond and Rich Ricci have agreed an all-share merger of Panmure Gordon and UK rival Liberum, the firms said on Tuesday, creating Britain's largest independent investment bank amid an extended dealmaking slump.

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16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

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16 Jan 2024 08:21

TOP NEWS: Panmure Gordon and Liberum merge to "reinvigorate" UK market

(Alliance News) - City brokers Panmure Gordon and Liberum on Tuesday said they have agreed an all-share merger that will create the "UK's largest independent investment bank" with over 250 quoted corporate clients.

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15 Jan 2024 06:01

London finance job vacancies slumped nearly 40% in 2023, recruiter says

LONDON, Jan 15 (Reuters) - Job opportunities in London's financial sector plummeted nearly 40% last year, recruiter Morgan McKinley said on Monday, as market turbulence and high inflation led employers to tighten their belts on costs.

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UK finance watchdog probes possible motor finance misconduct

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TOP NEWS: Big Yellow rent hike saves revenue from decreased occupancy

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