Barclays Stories
Barclays Boss Bob Diamond Quits Amid Libor Scandal
Initial public and governmental response garnered unified relief that someone has taken responsibility for the spate of banking scandals and damaged relations between its customers.
Pre-Market Movers (Infosys, Seadrill, Microsoft, Kraft Foods, Silvercorp, Barclays, Duke Energy)
Duke Energy, Infosys, Seadrill Ltd, Barclays, Microsoft, Royal Bank of Scotland, Silvercorp Metals and Kraft Foods are among the companies whose shares are moving in pre-market trading Tuesday.
US Unemployment Rate Likely To Hold At 8.2% In June, With Little Job Growth Improvement
The U.S. labor market has lost a step since spring and the trend of lackluster job growth will likely continue into June.
Why Exactly Are Heads Rolling At Barclays? Libor Scandal Explained
Following the revelation last week that British banking giant Barclays was engaging in massive fraud meant to distort the Libor, the interest rate underpinning hundreds of trillions of dollars in credit transactions, politicians and regulators the world over are taking a sober look at the system. What they find may prove to be shocking.
Barclays CEO Bob Diamond Resigns
Barclays chief executive officer Bob Diamond Tuesday quit his post over the London Inter Bank Offered Rate (LIBOR) fixing scandal, in which the bank was fined £290 million ($450m) by the U.S. and UK regulators last week.
Asian Shares Inch Up As Weak Global Factory Data Boost Fed Hopes
Asian shares inched up on Tuesday as manufacturing data around the world highlighted the drag on growth from the protracted euro zone debt crisis, raising expectations for the Federal Reserve to take further steps to underpin the fragile economy.
Crisis in Europe Finally Dragging America Down: Economists
The whirlpool created by the European financial crisis is finally dragging American down. That?s the conclusion of some economists, after disappointing manufacturing activity data showed a slight contraction in June.
?The Classic British Banker?: The Rise and Fall of Barclays Libor Scandal Chairman Marcus Agius
So just who is Mr Agius, and how did he get to the very top of Britain's banking tree?
Pre-Market Movers (Brightpoint, Lincare, Amylin Pharma, Barclays, Nokia, Verizon, Tata Motors, Dollar Tree)
Brightpoint, Lincare Holdings, Amylin Pharmaceuticals, Barclays, Nokia Corp, Verizon Communications, Tata Motors and Dollar Tree are among the companies whose shares are moving in pre-market trading Monday.
Barclays Bank Chairman Marcus Agius Confirms Resignation, Bank To Make Audit Reports Public
Barclays Bank chairman Marcus Agius Tuesday confirmed that he had resigned over the Libor (London Inter Bank Offered Rate) inter-bank lending rate-fixing scandal.
Barclays Chairman Reported Quitting In Interest Rate Scandal
Barclays Chairman Marcus Agius is expected to resign on Monday over the Libor interest-rate scandal, the BBC and the Guardian said on Sunday.
Bank Of England Cracks Down On Cheating Banks
The Bank of England (BoE) is cracking down on large financial institutions to prevent them from cheating businesses and consumers worldwide -- a practice that has put a $360 trillion global financial market at serious risk for several years.
BOE Governor King Attacks 'Deceitful' Libor Scandal Investment Banks
The evolving scandal, according to King, illustrated the need to separate the retail from invest banking.
British, US Banks Fall Hard On News of Barclays Fraud
Investors in Barclays PLC (NYSE: BCS) (London: BARC) lost over £4 billion Thursday as the British bank lost one-sixth of its market capitalization a day after international regulators announced the bank would have to pay hundreds of millions as a fine for an audacious price-fixing fraud some of its traders were found to have engaged in.
Pre-Market Movers (LiveDea, Orexigen Therapeutics, Barclays, Deutsche Bank, JPMorgan Chase, Lincare, Synta Pharma)
LiveDeal, Orexigen Therapeutics, Lincare Holdings, Synta Pharmaceuticals, Barclays, JPMorgan Chase and Deutsche Bank are among the companies whose shares are moving in pre-market trading Thursday.
The Fed Is Yielding To The Government, Killing Private Businesses, Analysts Warn
The Federal Reserve is charting a course for more stringent capital reserve requirements for the largest banking institutions in the U.S., in line with new international rules representing the Basel III accord.
Barclays Settles Claims For $453M In Interest Rate Scandal
Barclays Plc (NYSE: BCS) agreed Wednesday to pay $453 million in fines to settle claims made by U.S. and UK. bank regulators and law enforcement agencies for the bank's alleged involvement in a scheme to manipulate two global benchmark interest rates.
Steve Nash News: Los Angeles Lakers, New York Knicks and Dallas Mavericks All Linked to the Former MVP
Steve Nash is a free agent for the first time in his brilliant career. Numerous suitors are linked to the former MVP.
RIM Earnings: Is BlackBerry Maker In Death Spiral?
Troubled BlackBerry developer Research in Motion (Nasdaq: RIMM), once the king of the smartphone hill with business, is scheduled to report first-quarter results after Thursday?s close.
Asian Stocks Mostly Higher Before EU Summit
Asian stock markets mostly advanced Wednesday but gains were capped as investors are opting for caution ahead of the EU summit that begins on Thursday.
European Markets Rise Ahead Of Pivotal EU Summit
European markets rose Wednesday following global cues but investors remained watchful about the debt crisis lingering over the euro zone.
US Home Prices Rise For 3rd Straight Month in April: Case-Shiller
Single-family home prices picked up for the third month consecutive month in April, showing signs that the housing market recovery is gaining traction.
European Markets Rise But Euro Zone Anxieties Continue
European markets rose Tuesday after sell off in the previous day, but investors remained watchful about the debt crisis lingering over the euro zone.
New Home Sales Jump 7.6% In May, Highest Level In 2 Years
New single-family home sales grew by 7.6 percent from April to a seasonally adjusted annual rate of 369,000 in May, the Commerce Department said Monday. The increase was much stronger than the 346,000 analysts polled by Reuters had forecast and was the highest since April 2010.
China's 2012 Growth Target At Risk, Property Curbs Hurt
China's annual growth target for 2012 looks increasingly in jeopardy as demand at home falters and Europe's debt crisis worsens, complicating matters for Beijing as the country heads into a once-in-a-decade leadership transition.
For Walgreen Co., A Choice With Growth And Risk
Walgreen Co. (NYSE: WAG), the largest U.S. drugstore operator, is facing challenges it has never seen in its 111-year history, and this week it responded to those challenges with a high-stakes strategic move.
Moody's to Global Leaders: Stop Threatening Your Banks With Capitalism
Thursday's downgrade contained a veiled threat that pointed at politicians in Germany, the United Kingdom, France and the United States and plainly stated, Stop talking about making the banks responsible for their own follies -- or else.
China To Lower Standards For Foreign Investors In National Markets
Chinese market regulators announced Thursday they could be easing the rules that currently allow only a small group of foreign banks to invest in the national equity and bond markets, a move that is seen as part of a wider campaign to open the country's financial system to global competition. Whether by design or by coincidence, however, the move also takes a tremendous amount of pressure off the country's central bankers, who are between a rock and a hard place in deciding whether or n......
Pre-Market Movers (Biosante Pharmaceuticals, Tesla Motors, Barclays, Bank of America, Adobe Systems Incorporated, Michael Kors Holdings, Procter & Gamble)
Biosante Pharmaceuticals Inc., Tesla Motors Inc., Barclays PLC, Bank of America Corp., Adobe Systems Inc., Michael Kors Holdings Ltd and Procter & Gamble Co. are among the companies whose shares moved in pre-market trading Wednesday.
US Housing Starts Fall In May, Permits Surge To Highest Level In Nearly 4 Years
Housing starts fell 4.8 percent in May to an annual rate of 708,000, but building permits climbed 7.9 percent to the highest level in nearly four years, the U.S. Commerce Department said Tuesday. Economists surveyed by Reuters had forecast a reading of 720,000.