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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

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Share Price: 202.35
Bid: 202.15
Ask: 202.25
Change: 0.00 (0.00%)
Spread: 0.10 (0.049%)
Open: 0.00
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Low: 0.00
Prev. Close: 202.35
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UPDATE 2-US regulator sues JPMorgan over WaMu mortgage securities

Sat, 05th Jan 2013 00:32

By Aruna Viswanatha WASHINGTON, Jan 4 (Reuters) - The U.S. credit unionregulator sued JPMorgan and Washington Mutual lateFriday over $2.2 billion in mortgage securities sold to creditunions that collapsed because of losses from the securities. The suit is the third the regulator, the National CreditUnion Administration, has filed against JPMorgan involvingmortgage losses, and the second in the past month. In December, it sued the bank over $3.6 billion insecurities sold by Bear Stearns, which JPMorgan acquired duringthe financial crisis. In June 2011, the NCUA sued over some $1.4billion in securities in which JPMorgan was the underwriter andseller. Both suits are still pending. JPMorgan bought the assets of Washington Mutual in 2008after it failed and was seized by regulators. In Friday's lawsuit, the NCUA accused the bank of makingmisrepresentations in underwriting and selling mortgage-backedsecurities to U.S. Central, Western Corporate and SouthwestCorporate federal credit unions. The three credit unions became insolvent on the losses andwere placed into NCUA conservatorship, the agency said. "The damage caused by the actions of firms like WashingtonMutual has been extremely expensive to contain and repair," NCUAboard chairman Debbie Matz said in a statement announcing thelawsuit, adding that "it's only right that the people who causedthe damage be required to pick up that burden, as well." The lawsuit adds to a growing list of cases JPMorgan, thelargest U.S. bank, is fighting over conduct tied to thefinancial crisis, including the conduct of entities it acquiredat the height of the crisis. A JPMorgan representative declined comment. SIMILAR ACTIONS In the past two years the agency has brought similar actionsagainst Barclays Capital, Credit Suisse,Goldman Sachs, RBS Securities, UBS Securities, Wachovia and others. Most of the cases are pending, but it has settled claimsagainst Citigroup, Deutsche Bank Securities andHSBC for around $170 million. The credit union regulator has been trying to recover lossesrelated to the failure of five institutions that it seized in2009 and 2010 after they ran into trouble due to the crumblinghousing market. The wholesale credit unions have experienced more troublesthan their retail counterparts because they did not face thesame restrictions on permitted investments, leading to biglosses during the financial crisis.
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10 Jan 2024 17:07

European shares end lower, with miners and travel stocks leading losses

Norway's Dec core inflation lower than expected

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10 Jan 2024 13:00

Global activist investors pressed companies to sell or spin in 2023 as M&A dropped off

NEW YORK, Jan 10(Reuters) - "Sell" or "split" was the favorite word for activist investors across the world last year when their demands for companies to pursue some form of mergers and acquisition-related activity hit a new record and appeared in roughly half of their 2023 campaigns even as M&A activity dropped off, according to new data from Barclays.

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9 Jan 2024 07:44

LONDON BRIEFING: B&M to declare special payout; strong start for Unite

(Alliance News) - Stocks in London are tipped for a solid start on Tuesday, following a strong performance on Wall Street and in Asian markets.

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5 Jan 2024 09:50

IN BRIEF: Prudential to buy back 4 million shares to offset awards

Prudential PLC - London-based, Asia-focused life and health insurer and asset manager - Contracts Barclays Capital Securities Ltd, part of Barclays PLC, to conduct a share buyback programme that will repurchase about 3.9 million shares at a maximum cost of GBP38 million. At the current market price, 3.9 million Prudential shares are worth GBP32.3 million. The buybacks are intended to offset the dilution that will be caused by the vesting of awards under Prudential's employee and agent share schemes.

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21 Dec 2023 12:59

Barclays extends lease on Canary Wharf headquarters until 2039

LONDON, Dec 21 (Reuters) - Barclays has signed an agreement with Canary Wharf Group (CWG) to extend the lease on its British headquarters in the financial district until 2039, CWG said on Thursday.

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20 Dec 2023 09:25

LONDON BROKER RATINGS: UBS cuts DS Smith; Kepler likes Genus

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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20 Dec 2023 08:48

LONDON MARKET OPEN: Stocks feeling festive on UK, US rate cut hopes

(Alliance News) - Stock in London enjoyed a broad-based rally at Wednesday's open, as a surprise UK inflation print boosted risk sentiment, with investors pinning their hopes on UK and US interest rate cuts next year.

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19 Dec 2023 16:06

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks and other payment firms must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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19 Dec 2023 15:11

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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15 Dec 2023 18:12

Britain's Metro Bank decides not to sell mortgage book

LONDON, Dec 15 (Reuters) - Britain's Metro Bank said on Friday it had abandoned its planned sale of a 3 billion pound ($3.8 billion) mortgage portfolio, citing market conditions.

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14 Dec 2023 12:00

Fnality completes 'world's first' blockchain payments at Bank of England

LONDON, Dec 14 (Reuters) - Fnality, a blockchain-based wholesale payments firm, said on Thursday that shareholders Lloyds Banking Group, Santander and UBS had completed the "world's first" live transactions that digitally represent funds held at a central bank.

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14 Dec 2023 10:51

France's Credit Agricole to stop financing new fossil fuel projects

Vows to triple financing of renewable energy projects by 2030

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12 Dec 2023 09:10

UK lenders face smaller impact from Basel rules than rivals, BoE says

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, far less than for their European Union and U.S. peers.

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12 Dec 2023 07:16

BoE says UK lenders to be hit less than EU, U.S. rivals by Basel capital rules

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, less than for their European Union and U.S. peers.

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7 Dec 2023 16:55

Director dealings: Barclays chair invests, York Holdings settles LSEG call options

(Sharecast News) - Nigel Higgins, the group chairman of Barclays, was on the buying side of the ledger on Thursday.

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