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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

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Share Price: 204.85
Bid: 204.75
Ask: 204.80
Change: -3.20 (-1.54%)
Spread: 0.05 (0.024%)
Open: 208.05
High: 208.90
Low: 202.90
Prev. Close: 208.05
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U.S. regulators release biggest banks' second set of 'living wills'

Thu, 03rd Oct 2013 13:56

WASHINGTON, Oct 3 (Reuters) - U.S. bank regulators onThursday released portions of the biggest banks' updated "livingwills," or blueprints for how they could be wound down in acrisis.

The resolution plans are a key component of regulators'efforts to crack down on Wall Street after the 2007-2009financial crisis. The 2010 Dodd-Frank law called for banks tospell out how they could be taken apart as a way to preventfuture costly taxpayer bailouts.

The Federal Reserve and Federal Deposit Insurance Corp said11 of the biggest banks operating in the United States firstfiled their resolution plans in 2012 and were required to submitupdated versions by Oct. 1.

That group of banks with $250 billion or more in nonbankassets in the United States included Bank of America Corp, JPMorgan Chase & Co, Deutsche Bank AG and Barclays Plc.

Under the rules, banks turn in both a public portion, whichis posted on the Fed's and FDIC's websites, and a confidentialsection that regulators scrutinize.

After finding some gaps in the planning last year,regulators asked banks to include more detailed information thistime about potential obstacles to bankruptcy.

They asked banks to consider how their funding andliquidity, global cooperation and interconnectedness couldaffect regulators' ability to unwind them during a financialcrisis.

A second group of banks, including Wells Fargo & Co and HSBC Holdings Plc, filed their first living willsin July.

The final group, banks with more than $50 billion but lessthan $100 billion in total U.S. assets, must turn plans in bythe end of the year, regulators said.

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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.

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12 Jul 2023 17:14

European shares jump as cooling US inflation boosts rate pause bets

STOXX 600 up for fourth straight session

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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.

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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.

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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.

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12 Jul 2023 08:26

UK bank shares rise after BoE stress test

MILAN, July 12 (Reuters) - A gauge of British banking stocks surged on Wednesday after the Bank of England said its annual stress test of eight major lenders showed each could cope with rising interest rates in a stressed environment.

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12 Jul 2023 07:21

UK bank pass annual stress tests, says BoE

(Sharecast News) - Eight major UK banks have passed annual capital stress tests and were well positioned to support households and businesses through a period of rising interest rates, the Bank of England said on Wednesday.

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12 Jul 2023 07:15

Stress test shows top 8 UK banks have enough capital, says Bank of England

LONDON, July 12 (Reuters) - The Bank of England said on Wednesday its annual stress test of eight major lenders showed that each could cope with rising interest rates in a stressed environment, and none would need to submit a revised capital plan.

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11 Jul 2023 11:19

Intuitive Investments names veteran chair as eyes move to Main Market

(Alliance News) - Intuitive Investments Group PLC on Tuesday said it has named the experienced Nigel Rudd as its next independent non-executive chair, subject to it moving to a London listing on the Main Market, from its current position in the junior market.

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10 Jul 2023 14:41

Ignite Luxembourg and RHI Magnesita extend acceptance period

(Alliance News) - Ignite Luxembourg Holdings Sarl and Magnesita NV have extended the acceptance period to buy a stake in RHI Magnesita to July 21.

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9 Jul 2023 22:41

Sunday newspaper round-up: BT Group, Aston Martin, MPs

(Sharecast News) - BT has intensified its preparations to see off a possible takeover bid by its major shareholder Deutsche Telekom. For months now, the telecoms services provider had been working with Robey Warshaw and Goldman Sachs to prepare against such a scenario. Speculation in that regard was reaching a crescendo both in the City and within the sector, due to BT's need to invest £15bn in its new fibre-optic broadband network and multiple potentially destabilising factors. - The Sunday Telegraph

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7 Jul 2023 22:22

Barclays hires Birchenough as chairman of healthcare investment banking

NEW YORK, July 7 (Reuters) - Barclays Plc has hired Jim Birchenough from Wells Fargo & Co as its chairman of global healthcare investment banking, a spokesperson for the British bank confirmed, after Reuters reported on the appointment on Friday.

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7 Jul 2023 20:34

Barclays hires Birchenough as chairman of healthcare investment banking

NEW YORK, July 7 (Reuters) - Barclays Plc has hired Jim Birchenough from Wells Fargo & Co as its chairman of global healthcare investment banking, a spokesperson for the British bank confirmed, after Reuters reported on the appointment on Friday.

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6 Jul 2023 19:14

Banks recognise savers need help accessing best rates - UK regulator

(Alliance News) - The City regulator said it had held a "constructive" meeting after summoning UK banks to discuss concerns surrounding interest rates for savers lagging behind the cost of mortgages.

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6 Jul 2023 18:45

UK banks must accelerate rate rises for savers, says watchdog

LONDON, July 6 (Reuters) - British regulator the Financial Conduct Authority (FCA) said on Thursday that banks need to accelerate rate rises for savers, but said it was not up to the watchdog to dictate pricing.

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