Tag: Barclays

• Friday, May 17th 2019 - 08:14 UTC

  EC fines five leading global banks €1.07bn for rigging foreign exchange markets

  

  Five banks have been fined €1.07bn (£935m) by the European Commission after traders clubbed together to rig the foreign exchange market. Four banks in the “Banana Split” cartel - Barclays, RBS, Citigroup and JP Morgan - were fined €811m in all.

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• Thursday, January 31st 2019 - 09:28 UTC

  Barclays is transferring €190bn of assets from London to Dublin

  

  Barclays is moving €190bn (£166bn) of assets to Dublin because it “cannot wait any longer” to implement its Brexit contingency plan. The High Court, which has approved the move, says the move involves 5,000 clients. However, few jobs in London are expected to be affected.

• Thursday, January 24th 2019 - 08:50 UTC

  Barclays' senior ex bankers on trail charged with conspiracy to commit fraud

  

  Senior Barclays bankers paid Qatar £322m in secret fees during the financial crisis in return for bailout funds, a court heard on Wednesday. The case against four former executives has been filed by the UK's Serious Fraud Office over Barclays' £11.8bn rescue.

• Monday, July 2nd 2018 - 20:47 UTC

  Tension for the Brexit: Theresa May will meet with Angela Merkel and leaders of the EU

  

  The British Prime Minister, Theresa May, will visit Berlin and the Netherlands in the coming days to meet with the German Chancellor Angela Merkel and Dutch authorities before assembling her government to finally decide what commercial relationship her country wants with the European Union (EU) in the future, commented her spokesman on Monday.

• Monday, April 2nd 2018 - 08:45 UTC

  Barclays agrees to pay US$ 2bn to settle lawsuit for “misleading investors”

  

  Barclays has agreed to pay US$2bn to settle a lawsuit brought by the US government over the sale of mortgage-backed securities. The US alleged that the bank had misled investors about the quality of loans backing the securities in the run-up to the financial crisis.

• Tuesday, January 2nd 2018 - 10:58 UTC

  Brexit: First quarter of 2018, “point of no return” for financial services industry

  

  The clock is ticking for the financial services industry, with banks said to be months away from being forced to act on Brexit contingency plans that could see thousands of jobs leave the UK. The first quarter of 2018 has been dubbed the “point of no return” for banks, insurers and asset managers as the industry calls on the UK to clinch a transition period that would extend market access to the EU beyond March 2019.

• Tuesday, December 29th 2015 - 08:23 UTC

  JPMorgan-Chase describes Macri's Argentina as “a ray of sunshine” in the region

  

  A growing number of foreign investors are signaling interest in Argentina following the pro-market turn that newly-inaugurated President Mauricio Macri started showing since taking office. The latest financial player to endorse the country as a promising investment destination was JP Morgan Chase, the largest bank in the United States, where current Finance Minister Alfonso Prat-Gay worked in the past.

• Thursday, May 21st 2015 - 07:08 UTC

  Five world leading banks fined 5.7bn dollars for manipulating foreign exchange markets

  

  Five of the world's largest banks are to pay fines totaling $5.7bn for charges including manipulating the foreign exchange market. Four of the banks - JPMorgan, Barclays, Citigroup and RBS - have agreed to plead guilty to US criminal charges, while the fifth, UBS from Switzerland will plead guilty to rigging benchmark interest rates.

• Friday, April 24th 2015 - 08:25 UTC

  Deutsche Bank agrees to pay 2.5bn fine for manipulating the LIBOR rate

  

  The New York State Department of Financial Services (NYDFS) announced Thursday that Deutsche Bank had agreed to pay 2.5 billion (2.3 billion Euros) to US and UK authorities as part of a legal settlement over the bank's role in manipulating the London Interbank Offered Rate (Libor).

• Wednesday, September 3rd 2014 - 05:50 UTC

  Barclays moves out of Spain; sells operations to CaixaBank for 800 million Euros

  

  Spain’s third-biggest lender, CaixaBank SA agreed to buy Barclays Plc banking operations in the country for about 800 million Euros (1.1 billion) in cash to expand its business as economic growth picks up. The sale includes consumer, wealth and investment management and corporate banking businesses, Barcelona-based CaixaBank said in a statement.