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Barclays reorganizes management of investment bank

LONDON (Reuters) - Barclays <BARC.L> announced a number of promotions in its investment bank's management on Friday as it continues a review of the division that contributes about half of group profit. The British lender said in a statement that it had appointed Eric Felder as head of markets, supervising the investment bank's global sales and trading businesses across all asset classes. Felder, who joined Barclays from now-defunct U.S. investment bank Lehman Brothers in 2008, was previously co-head of securities.

Barclays names new head for pay committee after backlash

LONDON (Reuters) - Barclays <BARC.L> said it will appoint Crawford Gillies as the new head of its remuneration committee, in a move that could take the sting out of criticism from shareholders next week about pay levels at the British bank.

Barclays settles second Libor-linked UK court case

LONDON (Reuters) - Barclays <BARC.L> has settled its second lawsuit in a week that alleged the British bank had mis-sold products that were tied to Libor benchmark interest rates. Barclays said on Friday it had reached a compromise in its proceedings with Portuguese construction and property firm Domingos Da Silva Teixeira in London's Commercial Court. "Following discussions between the parties, a commercial resolution has been reached as to the Commercial Court proceedings," Barclays said in a statement.

BlackRock appoints Barry Knapp to lead Thematic Strategies team

(Reuters) - BlackRock Inc, the world's largest listed alternative asset manager, has hired Barry Knapp from Barclays to head its newly formed Thematic Strategies team, according to an internal memo seen by Reuters on Tuesday. Knapp, who will join BlackRock's New York office this summer, will report to Rick Rieder, CIO of Fundamental Fixed Income and co-head of Americas Fixed Income, a BlackRock spokeswoman said. A Barclays spokeswoman confirmed the move.

Barclays settles Libor 'test case' before UK trial

By Steve Slater LONDON (Reuters) - Barclays <BARC.L> has reached a settlement with a UK care home operator weeks before the start of a court case that was seen as a test case for whether customers might sue banks over the manipulation of Libor interest rates. Barclays had been accused by the care home operator of mis-selling products linked to benchmark interest rates and senior Barclays employees and former executives, including former chief executive Bob Diamond, had been due to testify at the trial.

Firm denies Zimbabwe bond claim

A firm linked to former Barclays chief executive Bob Diamond denied Thursday claims that it will help Zimbabwe tap much-needed international investment through a 150-million-euro bond issue. BancABC, a regional bank recently bought by Diamond's Africa-focused investment vehicle Atlas Mara, said it would in fact issue a commercial bond to finance its operations. "We have been planning a bond issue for some time. The proceeds will be used across the group including in our Zimbabwe subsidiary," the firm said in a statement. "The timing of the issue is to be decided."

Banking mogul Diamond to help Zimbabwe tap bond market

Former Barclays chief Bob Diamond will help Zimbabwe tap much-needed international investment through a 150 million eurobond, the country's finance minister said Wednesday. Patrick Chinamasa said the banking mogul -- who left Barclays under a cloud of scandal in 2012 -- promised to help lure back investors spooked by asset seizures and politicised local-ownership laws. "They promised me that they are going to organise issuance of a bond, a European bond of up to 150 million euro," ($206 million) Chinamasa said in Harare.

Barclays awards top managers $53 million in shares

DUBLIN (Reuters) - Barclays <BARC.L> has given its top dozen executives nearly 32 million pounds ($53 million) in share awards, 20 percent lower than a year ago, partly due to a drop in its stock price. The British bank has faced a wave of shareholder criticism over its decision to raise bonuses last year despite a fall in profits and is under pressure to cut costs at its investment bank, which is the subject of a third strategic review in as many years.

Barclays cuts share awards to top bosses by 20 percent

DUBLIN (Reuters) - Barclays <BARC.L> has given its top dozen executives nearly 32 million pounds in share awards, 20 percent lower than a year ago, partly due to a drop in its stock price. The British bank has faced a wave of shareholder criticism over its decision to raise bonuses last year despite a fall in profits and is under pressure to cut costs at its investment bank, which is the subject of a third strategic review in as many years.

Bankers behaving badly face 6-year bonus clawback by BoE

By Huw Jones LONDON (Reuters) - Misbehaving bankers and their bosses will have to hand back bonuses up to six years after they pocket them under a rule the Bank of England is proposing to prevent excessive risk-taking.
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