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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: 217.05
Bid: 217.00
Ask: 217.10
Change: -2.05 (-0.94%)
Spread: 0.10 (0.046%)
Open: 218.25
High: 219.50
Low: 216.80
Prev. Close: 219.10
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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20 Feb 2024 11:57

LONDON MARKET MIDDAY: Banking stocks drag FTSE 100 into green

(Alliance News) - Stock prices in London were mixed at midday Tuesday, after a busy morning of corporate updates and earnings.

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20 Feb 2024 11:20

London midday: Stocks mixed after China makes bigger rate cut

(Sharecast News) - London's stocks were in a mixed state at midday on Tuesday, as concerns around China's economic outlook continued to weigh on mining stocks.

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20 Feb 2024 08:52

LONDON MARKET OPEN: Stocks slide; banks rise as Barclays outperforms

(Alliance News) - Stock prices in London opened in the red on Tuesday, as European markets failed to find upward momentum amid muted trading in Asia, and Monday's public holiday in the US.

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20 Feb 2024 08:19

TOP NEWS: Barclays eyes GBP2 billion cost cuts and promises returns

(Alliance News) - Barclays PLC on Tuesday announced an efficiency drive, a new divisional reporting line-up and a plan to return GBP10 billion to shareholders over the next three years.

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20 Feb 2024 07:47

LONDON BRIEFING: Barclays announces GBP1b buyback as 2023 profit falls

(Alliance News) - Stocks in London are called lower on Tuesday, following a US holiday, and a mixed performance in Asian markets.

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20 Feb 2024 07:01

Barclays unveils massive overhaul as profits fall 6%

(Sharecast News) - Barclays Bank unveiled a swathe of changes on Tuesday, including a structural overhaul of operations, £2bn in cost cuts and a massive increase in shareholder payouts as annual earnings fell by 6%.

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19 Feb 2024 16:10

Tuesday preview: China rate decision, Barclays in focus

(Sharecast News) - Investors' focus on Tuesday will be on the People's Bank of China's interest rate decision overnight.

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18 Feb 2024 23:26

Sunday newspaper round-up: Currys, Barclays, Homebuilders

(Sharecast News) - China's JD.com has been looking at a possible acquisition offer for Currys. Just the day before the electricals retailer had rebuffed an approach by private equity. Exploratory talks between Currys and JD had been held over the preceding weeks. Additional bidders may appear. It was understood that Currys had been contacted by multiple private equity firms on an informal basis over recent months after it was forced to cut its dividend payout. It was but the latest example of a British business being taken out and for some showed that British businesses were being chronically undervalued. - Sunday Telegraph

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16 Feb 2024 12:07

LONDON MARKET MIDDAY: Stocks up as UK retail sales soften GDP jitters

(Alliance News) - Stock prices in London were up strongly at midday on Friday, buoyed by UK retail sales data that came in far better than expected and soothed worries about the economy after numbers on Thursday showed it entered recession last year.

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16 Feb 2024 08:41

LONDON MARKET OPEN: Stocks climb amid UK retail sales surprise

(Alliance News) - Stock prices in London opened higher on Friday morning, after a sentiment-boosting UK retail sales reading which calmed some nerves about the economy.

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15 Feb 2024 11:59

REPEAT: Barclays bids to buy SocGen's UK private bank - Reuters

(Alliance News) - Barclays PLC is considering bidding to buy the UK private bank of France's Societe Generale SA, Reuters reported on Thursday.

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15 Feb 2024 10:37

PRESS: Barclays bids to buy SogGen's UK private bank - Reuters

(Alliance News) - Barclays PLC is considering bidding to buy the UK private bank of France's Societe Generale SA, Reuters reported on Thursday.

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15 Feb 2024 07:24

Barclays eyes SocGen's UK private bank - report

(Sharecast News) - Barclays is considering bidding for Societe Generale's UK private bank, it was reported on Thursday.

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13 Feb 2024 14:34

UK earnings, trading statements calendar - next 7 days

Wednesday 14 February 
Coca-Cola HBC AGFull Year Results
Dunelm PLCHalf Year Results
Pan African Resources PLCHalf Year Results
Severn Trent PLCTrading Statement
United Utilities Group PLCTrading Statement
Thursday 15 February 
Benchmark Holdings PLCQ1 Results
Centrica PLCFull Year Results
MJ Gleeson PLCHalf Year Results
Relx PLCFull Year Results
South32 LtdHalf Year Results
Friday 16 February 
NatWest Group PLCFull Year Results
Segro PLCFull Year Results
TBC Bank Group PLCFull Year Results
Monday 19 February 
Bank of Cyprus Holdings PLCFull Year Results
MoneySupermarket.com PLCFull Year Results
Transense Technologies PLCHalf Year Results
Wilmington PLCHalf Year Results
Tuesday 20 February 
Barclays PLCFull Year Results
BHP Group LtdHalf Year Results
Coca-Cola Europacific Partners PLCFull Year Results
Gran Tierra Energy IncFull Year Results
InterContinental Hotels Group PLCFull Year Results
Petra Diamonds LtdHalf Year Results
Springfield Properties PLCHalf Year Results
  
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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9 Feb 2024 17:02

LONDON MARKET CLOSE: FTSE 100 falls at end of tepid week

(Alliance News) - Stock prices in London closed lower on Friday, with the FTSE 100's losing streak extending to three days, as sentiment in Europe remains tetchy despite a largely stellar start to the day in New York.

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