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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

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Share Price: 215.00
Bid: 215.45
Ask: 215.55
Change: -4.20 (-1.92%)
Spread: 0.10 (0.046%)
Open: 218.65
High: 219.05
Low: 215.00
Prev. Close: 219.20
BARC Live PriceLast checked at -

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TIMELINE-RBS set to pay heavy fines over Libor rigging

Fri, 11th Jan 2013 12:47

Jan 11 (Reuters) - Royal Bank of Scotland is set topay large fines for its role in rigging the Libor interest rate.Here is a look at RBS's troubles since 2007: April 3, 2007 - RBS leads a consortium along with Fortis andSpain's Santander to buy Dutch bank ABN AMRO. InOctober, the consortium wins a bidding war against Barclays for ABN AMRO with a 70-billion-euro offer, making itthe biggest banking takeover in history. The takeover comes justbefore markets slump as the subprime credit crisis takes hold. April 2008 - RBS announces a record 12-billion-pound rightsissue to cover a potential 5.9-billion-pound writedown on thevalue of its toxic assets. October/November 2008 - Britain is forced to pump 20 billionpounds into the lender to shore up its capital position. StephenHester is named to replace Fred Goodwin as CEO. The governmentincreases its stake to 58 percent after injecting a further 15billion pounds into the lender and to 70 percent in January2009. February 2009 - RBS reports a loss of 24.1 billion poundsfor 2008, the biggest in British corporate history. November 2009 - Britain announces it will inject another 25billion pounds to prop up both RBS and Lloyds, taking thetaxpayers' stake in RBS to over 80 percent. December 2010 - Goodwin and other RBS executives during thefinancial crisis escape punishment by the Financial ServicesAuthority despite what the regulator describes as a "series ofbad decisions" in 2007 and 2008. December 2011 - The FSA publishes its report, begun in 2009, into RBS's near failure. The report blames RBS's "poormanagement decisions" and flaws within the FSA itself. It alsorecommends tougher rules to ensure that in future bankingexecutives can face "personal consequences" if a bank fails. August 2012 - A joint New York-Connecticut investigation ofLibor sends subpoenas to Royal Bank of Scotland, and severalother banks. The subpoenas seek communication between executivesrelated to possible collusion that may have played a role inalleged manipulation of the Libor rate. September 2012 - RBS increases its target for job cuts atits investment banking business to 3,800 by the end of 2013.Hester has already axed 34,000 jobs since arriving at RBS. January 2013 - RBS prepares to slash bonuses and mayconsider sacking executives over the bank's role in fixing theLibor rate.
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25 Apr 2024 07:01

Barclays Q1 profits fall 12%

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24 Apr 2024 22:47

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24 Apr 2024 19:38

Barclays takes EUR260 million loss from Italian mortgage book sale

(Alliance News) - Barclays PLC on Wednesday said it would book a EUR260 million pretax loss after agreeing the disposal of its Italian mortgage portfolio.

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24 Apr 2024 11:57

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23 Apr 2024 13:26

Gazprom subsidiary ordered to stop Russian lawsuit against UniCredit

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23 Apr 2024 08:26

Britain's FTSE 100 blue-chip stock index hits record high

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23 Apr 2024 07:59

Citi remains 'overweight' UK banks; HSBC and Barclays 'top picks'

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22 Apr 2024 09:04

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19 Apr 2024 09:26

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19 Apr 2024 08:49

LONDON MARKET OPEN: European stocks slump amid Middle East escalation

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18 Apr 2024 14:17

UK earnings, trading statements calendar - next 7 days

Friday 19 April 
888 Holdings PLCTrading Statement
Man Group PLCTrading Statement
Monday 22 April 
Brave Bison Group PLCFull Year Results
Elixirr International PLCFull Year Results
Frenkel Topping Group PLCFull Year Results
Mobico Group PLCFull Year Results
South32 LtdQ3 Results
Ten Lifestyle Group PLCHalf Year Results
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Alliance Pharma PLCFull Year Results
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Anglo American PLCTrading Statement
ASA International Group PLCFull Year Results
Associated British Foods PLCHalf Year Results
Eleco PLCFull Year Results
GB Group PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Maintel Holdings PLCFull Year Results
Property Franchise Group PLCFull Year Results
Taylor Wimpey PLCTrading Statement
tinyBuild IncFull Year Results
Trellus Health PLCFull Year Results
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abrdn PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Lloyds Banking Group PLCQ1 Results
Nichols PLCTrading Statement
PensionBee Group PLCFirst Quarter Results
PZ Cussons PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
Sanderson Design Group PLCFull Year Results
Serica Energy PLCFull Year Results
Star Energy Group PLCFull Year Results
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Tracsis PLCHalf Year Results
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Ibstock PLCTrading Statement
Inchcape PLCTrading Statement
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London Stock Exchange Group PLCQ1 Results
Persimmon PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
PureTech Health PLCFull Year Results
Relx PLCTrading Statement
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Skillcast Group PLCFull Year Results
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12 Apr 2024 08:55

UK regulator struggles to obtain data for motor financing probe

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12 Apr 2024 07:59

UK banks must prepare for car finance claims, says watchdog

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11 Apr 2024 14:15

Barclays hires UBS banker Abati as co-head of energy transition for EMEA

LONDON, April 11 (Reuters) - Barclays has hired Rafael Abati from UBS as one of two senior bankers to lead its energy transition investment banking business in Europe, the Middle East and Africa (EMEA), Barclays said in a statement.

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