Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 202.00
Bid: 202.40
Ask: 202.50
Change: -3.15 (-1.54%)
Spread: 0.10 (0.049%)
Open: 205.75
High: 206.10
Low: 197.68
Prev. Close: 205.15
BARC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Six traders plead not guilty in UK in first Euribor rigging case

Tue, 07th Feb 2017 10:42

(adds background)

LONDON, Feb 7 (Reuters) - Six traders pleaded not guilty onTuesday to charges they tried to rig global interest rates inthe first prosecution to focus on Euribor, the Brussels-basedequivalent of Libor.

The five men and one woman who appeared at London'sSouthwark Crown Court included Christian Bittar, 45, who wasonce one of Deutsche Bank's most profitable traders,and former senior Barclays trader Philippe Moryoussef,48. Both are French and now based in Singapore.

Achim Kraemer, a 52 year-old German still employed byDeutsche, and former Barclays traders Colin Bermingham, a60-year-old Briton, Anglo-Italian Carlo Palombo, 38, and SisseBohart, a 39-year-old Dane, are also facing charges.

They were all charged with one count of conspiracy todefraud between January 2005 and December 2009 by making orprocuring false or misleading Euribor rates to boost tradingprofits. The offence carries a maximum 10-year jail term.

Their trial has been scheduled to begin on September 4.

The first rate-fixing prosecution to focus on Euribor wasdelayed last year when five of 11 traders Britain's SeriousFraud Office (SFO) planned to charge did not appear at a Londoncourt hearing. Four remain in Germany and one in France.

Authorities have fined 11 financial institutions around $9.0billion and charged about 30 people in a global inquiry into howbanks set rates such as Libor (London interbank offered rate)and Euribor (euro interbank offered rate), which determine therates on trillions of loans and financial contracts globally.($1 = 0.9255 euros) (Reporting by Kirstin Ridley; Editing by Rachel Armstrong andKeith Weir)

More News
20 Jul 2023 22:53

Barclays hires Schulte as new head of US IG syndicate

July 20 (Reuters) - Barclays has hired Scott Schulte as its new head of U.S. investment-grade debt syndicate desk, sources familiar with the matter said.

Read more
20 Jul 2023 22:44

Judge throws out Citigroup ex-trader's lawsuit tied to foreign exchange probe

NEW YORK, July 20 (Reuters) - A U.S. judge threw out a $112 million lawsuit by a former senior London-based trader for Citigroup, who accused the bank of falsely implicating him in a criminal probe into foreign exchange price fixing after firing him.

Read more
19 Jul 2023 15:52

Britain's banks slow in passing higher rates to savers -watchdog

LONDON, July 19 (Reuters) - Britain's banks are not passing on higher interest rates to savers fast enough, though this is expected to accelerate in coming months as a new duty to provide good outcomes for consumers comes into force, UK financial regulators said on Wednesday.

Read more
19 Jul 2023 15:17

Britain's banks too slow in passing higher interest rates to savers, says watchdog

LONDON, July 19 (Reuters) - Britain's banks are not passing on higher interest rates to savers fast enough, though this is expected to accelerate in coming months as a new duty to provide good outcomes for consumers comes into force, UK financial regulators said on Wednesday.

Read more
18 Jul 2023 08:59

SSP completes bank refinancing with new GBP300 million four-year loan

(Alliance News) - SSP Group PLC on Tuesday said it has completed the refinancing of its syndicated banking facilities, including a new GBP300 million four-year loan and undrawn GBP300 million revolving credit facility.

Read more
17 Jul 2023 22:30

British prime minister seeks to win back corporate confidence with new business council

LONDON, July 17 (Reuters) - British Prime Minister Rishi Sunak will hold the first meeting of his new business council on Tuesday, in a bid to support his pledge to grow the economy and fend off attempts by the opposition Labour Party to win over the business community.

Read more
17 Jul 2023 09:12

Banco BPM shares rise after payments deal with FSI

MILAN, July 17 (Reuters) - Banco BPM shares rose as much as 2.7% on Monday after Italy's third-largest bank said it would sell 71.6% of its card and shopowner payments operations to private equity fund FSI for 500 million euros ($561 million) in cash and shares.

Read more
17 Jul 2023 07:50

Luxury group Richemont boosted by Asia recovery but Americas weigh

ZURICH, July 17 (Reuters) - Luxury group Richemont reported a 14% increase in first- quarter sales on Monday, boosted by a strong rebound in Asia and demand for its high-end jewellery.

Read more
17 Jul 2023 06:36

Luxury group Richemont reports 14% sales growth during first quarter

ZURICH, July 17 (Reuters) - Richemont reported weaker than expected sales during its first quarter as the world's second biggest luxury group continued to see strong demand for its high-end jewellery.

Read more
15 Jul 2023 00:09

US Virgin Islands demands $190 mln from JPMorgan in Epstein case

NEW YORK, July 14 (Reuters) - The U.S. Virgin Islands said it wants JPMorgan Chase to pay at least $190 million, and possibly much more, to resolve its lawsuit accusing the largest U.S. bank of ignoring the disgraced late financier Jeffrey Epstein's sex trafficking.

Read more
13 Jul 2023 13:30

PRESS: Barclays in preliminary talks to sell German asset - Bloomberg

(Alliance News) - Barclays PLC is preparing the sale of its consumer-finance business in Germany and has held preliminary talks with potential buyers, according to a Bloomberg report on Thursday.

Read more
12 Jul 2023 17:14

European shares jump as cooling US inflation boosts rate pause bets

STOXX 600 up for fourth straight session

*

Read more
12 Jul 2023 17:04

LONDON MARKET CLOSE: FTSE 100 soars as US inflation ebbs in June

(Alliance News) - Stock prices in London closed sharply higher on Wednesday, as US inflation cooled more than expected in June, boosting investor confidence.

Read more
12 Jul 2023 11:04

Bank of England stress test finds top 8 UK banks have enough capital

LONDON, July 12 (Reuters) - Britain's eight largest lenders have enough capital to ride out a worse economic crisis than that seen in 2008, the Bank of England (BoE) said on Wednesday, as the sector faces sharply rising interest rates pummelling consumers and businesses.

Read more
12 Jul 2023 08:39

TOP NEWS: Major UK banks "resilient" in BofE's annual stress test

(Alliance News) - The Bank of England on Wednesday said the major UK banks were "resilient to a severe stress scenario", in its latest cyclical stress test results, with all eight surveyed lenders passing.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.