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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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UPDATE 1-Ex-Barclays trader pleads guilty in U.S. in forex probe

Wed, 04th Jan 2017 20:53

(Adds details about case, background on investigation)

By Nate Raymond

NEW YORK, Jan 4 (Reuters) - A former Barclays Plc trader pleaded guilty on Wednesday to U.S. charges arising froma global investigation into the manipulation of foreign-exchangeprices at major banks, the U.S. Department of Justice said.

Jason Katz, a former Barclays trader who later worked at BNPParibas SA, pleaded guilty in Manhattan federal courtto participating in a price-fixing conspiracy, becoming thefirst person to admit criminal wrongdoing in the probe.

Katz's plea came after Barclays and three other banks lastyear pleaded guilty to conspiring to manipulate currency prices.Barclays agreed to pay $2.4 billion to resolve various relatedU.S. and UK probes.

Prosecutors said that from January 2007 until July 2013,Katz, while working at three different financial firms,conspired with others to suppress competition by fixing pricesin Central and Eastern European, Middle Eastern and Africancurrencies.

"These conspirators engaged in blatant collusion andsucceeded in manipulating exchange rates for multiple currenciesto their advantage," Deputy Assistant Attorney General BrentSnyder said in a statement.

A lawyer for Katz did not immediately respond to a requestfor comment.

In addition to pleading guilty, Katz also entered a consentagreement announced by the Federal Reserve Board that would banhim from the banking industry and require him to cooperate withits own investigation.

According to his LinkedIn profile, Katz joined BarclaysCapital in August 2010 from Standard Bank, before moving to BNPParibas in September 2011 as its director of emerging marketsforeign exchange trading.

He left two years later to join Australia & New ZealandBanking Group Ltd in September 2013, his LinkedInprofile said.

Barclays and the three other banks are scheduled to besentenced on Thursday by a federal judge in Connecticut.Barclays declined comment on Wednesday.

The case is U.S. v. Katz, U.S. District Court, SouthernDistrict of New York, No. 17-cr-003. (Reporting by Nate Raymond in New York; Editing by Dan Greblerand Andrew Hay)

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5 Dec 2023 15:26

London close: Stocks mixed as investors mull fresh data

(Sharecast News) - London's financial markets finished with a mixed performance on Tuesday as investors considered key economic data and developments from both sides of the Atlantic.

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5 Dec 2023 09:05

LONDON MARKET OPEN: FTSE 100 struggles after Moody's warning on China

(Alliance News) - London's FTSE 100 got off to a slow start on Tuesday, with miners falling amid fears for the Chinese economy, while Barclays shares fell after Bloomberg reported Qatar is trimming its stake in the lender.

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5 Dec 2023 08:01

Qatar almost halves stake in Barclays

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28 Nov 2023 15:30

London close: Stocks slip after mountain of broker notes

(Sharecast News) - London's stock markets finished in the red on Tuesday as investors deliberated over the latest shop price data, as well as a deluge of broker notes.

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28 Nov 2023 08:52

PRESS: Barclays eyes dropping quarter of investment bank clients - FT

(Alliance News) - Barclays PLC is exploring the possibility of dropping thousands of its investment bank clients - a quarter of its total - amid a strategic overhaul to bolster its bottom line and cut GBP1 billion of costs, the Financial Times reported on Tuesday.

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28 Nov 2023 07:56

Barclays considers dropping thousands of investment banking clients - report

(Sharecast News) - Barclays is reportedly exploring a plan to drop thousands of clients at its investment bank as part of a strategic overhaul that is meant to boost profits and cut £1bn of costs.

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LONDON BRIEFING: Rolls-Royce plans disposals, sets out 2027 targets

(Alliance News) - Stocks in London are called lower on Tuesday, with a stronger pound likely to weigh on the FTSE 100.

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UPDATE: Metro Bank negotiating sale of mortgage book to Barclays - Sky

(Alliance News) - Metro Bank Holdings PLC is in talks to sell a GBP3 billion mortgage portfolio to Barclays PLC as part of its restructuring process in a bid to prevent collapse.

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27 Nov 2023 13:44

Barclays in talks to acquire mortgage portfolio from Metro Bank

(Sharecast News) - Banking giant Barclays has entered exclusive talks to acquire a large portfolio of residential mortgages from high street lender Metro Bank as it seeks approval for a wider refinancing aimed at saving it from collapse.

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27 Nov 2023 13:26

PRESS: Metro Bank negotiating sale of mortgage book to Barclays - Sky

(Alliance News) - Metro Bank Holdings PLC is in talks to sell a GBP3 billion mortgage portfolio to Barclays PLC as part of its restructuring process in a bid to prevent collapse.

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27 Nov 2023 12:54

IN BRIEF: Argo Blockchain hires former CBOE Digital chief to be CEO

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