Barclays Share News (BARC)

(ShareCast News) - Senior officials in Brussels have said that European banks could have their capital requirements slashed, only six years after a financial crisis during which lenders collapsed or needed multibillion-pound state rescues because of their lack of an adequate loss buffer. Lord Hill of Oareford, the European commissioner for financial stability, said that the commission would review the amount of capital held by lenders as part of a plan to encourage growth that some say has been stymied by the push to make banks safer. - The TimesA Brussels legal manoeuvre has dragged the UK into the Eurozone's efforts to rescue Greece and complicated David Cameron's attempt to renegotiate UK membership terms. Brussels has proposed using an EU-wide rescue fund to furnish Greece with the €7bn it needs to cover debt repayments on Monday. - Financial Times Sir Mike Rake is to step down as deputy chairman of Barclays this year to become chairman of Worldpay, the payments processing company, having last week orchestrated the sacking of the bank's chief executive. His departure comes after Barclays said that he was the main instigatopr behind the ousting of Antony Jenkins and the appointment of chairman John McFarlane as interim chief. - Financial TimesGreek prime minister Alexis Tsipras was ready to stand down from office on Wednesday night, as a Leftist rebellion erupted within his Syriza party over the punishing austerity measures the country needs to stay in the Eurozone. Greece's lawmakers gathered for a midnight vote on reforms that would raise VAT, cut pensions spending and reform the country's statistics body. The measures were passed with the support of Greece's main opposition parties, with 229 voting "yes" and 64 voting "no". - The Daily TelegraphA Singaporean investor is to buy a 20% stake in house builder Galliard in a deal that highlights continued Asian interest in London's booming property market. Oxley Holdings is due to invest £50m into Galliard Group, one of the capital's most prolific residential property developers. The deal, expected to be announced on the Singaporean stock market overnight, values Galliard at £250m. - The Daily TelegraphDozens of UK broadband customers have received letters from a US firm accusing them of pirating a little-known Robert Redford film and inviting them to pay a financial settlement on pain of further legal action. TCYK LLC, a legal firm apparently named after the initials of the film in question, The Company You Keep, obtained a court order against Sky Broadband this year requiring it to hand over the details of customers that TCYK alleges used torrent sites to download and distribute the film. - The Guardian