Barclays http://www.globalpost.com/taxonomy/term/26174/all en European banks to pay back ECB life-support cash http://www.globalpost.com/dispatch/news/thomson-reuters/130115/european-banks-pay-back-ecb-life-support-cash <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Banks can start repaying LTRO cash at end of Jan</p> <p>* BNP Paribas, Commerzbank, Santander set to lead repayment</p> <p>* Other banks could follow as a "show of strength"</p> <p>* Some 80-300 bln euros seen repaid early this year -analysts</p> <p>By Steve Slater</p> <p>LONDON, Jan 15 (Reuters) - BNP Paribas, Commerzbank and Santander are among a growing number of banks wanting to repay emergency loans to the European Central Bank to distinguish themselves from weaker rivals.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130115/european-banks-pay-back-ecb-life-support-cash" target="_blank">read more</a></p> Barclays Investment Primary dealers Thomson Reuters Tue, 15 Jan 2013 15:30:04 +0000 Thomson Reuters 5734773 at http://www.globalpost.com Barclays boss tells staff: adopt new values or leave http://www.globalpost.com/dispatch/news/thomson-reuters/130117/barclays-boss-tells-staff-adopt-new-values-or-leave <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 17 (Reuters) - Barclays' new boss has told staff they should leave if they do not want to sign up to a set of standards aimed at rebuilding the British bank's reputation after a string of scandals.</p> <p>Antony Jenkins, who took over as chief executive at the end of August after the bank was rocked by an interest rate rigging scandal, said bonuses and performance would be assessed against a new "Purpose and Values" blueprint.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130117/barclays-boss-tells-staff-adopt-new-values-or-leave" target="_blank">read more</a></p> Barclays Libor Thomson Reuters Thu, 17 Jan 2013 10:30:37 +0000 Thomson Reuters 5735503 at http://www.globalpost.com Barclays may use bonuses to recoup Libor fines -Financial Times http://www.globalpost.com/dispatch/news/thomson-reuters/130117/barclays-may-use-bonuses-recoup-libor-fines-financial-times <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 18 (Reuters) - British bank Barclays Plc is considering using its 2012 bonus pool to help pay fines for its role in Libor interest rate rigging, the Financial Times reported.</p> <p>The bank might recoup part or all of the 290 million pounds it was fined from the bonuses it pays investment bankers, the paper said, without citing sources.</p> <p>Part state-owned Royal Bank of Scotland Group Plc is already preparing to slash bonuses to help pay for its Libor-related fines, according to a source.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130117/barclays-may-use-bonuses-recoup-libor-fines-financial-times" target="_blank">read more</a></p> Barclays Business Economy of the United Kingdom Labor Law United Kingdom Thomson Reuters Fri, 18 Jan 2013 01:15:53 +0000 Thomson Reuters 5735912 at http://www.globalpost.com UPDATE 2-Barclays CEO wants to keep large investment bank http://www.globalpost.com/dispatch/news/thomson-reuters/130124/update-2-barclays-ceo-wants-keep-large-investment-bank <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* UK bank to cut 70-90 investment bankers in Asia-sources</p> <p>* Bank will keep "significant and large" investment bank-CEO</p> <p>* CEO says comfortable with capital position</p> <p>By Lawrence White and Steve Slater</p> <p>HONG KONG/LONDON, Jan 24 (Reuters) - Barclays wants to remain a big player in investment banking even though the British bank is cutting costs and jobs in that business, including at least 70 in its Asian division.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130124/update-2-barclays-ceo-wants-keep-large-investment-bank" target="_blank">read more</a></p> Barclays Barclays Investment Primary dealers Thomson Reuters Thu, 24 Jan 2013 12:30:26 +0000 Thomson Reuters 5738769 at http://www.globalpost.com UK court identifies Barclays staff named in rate probe http://www.globalpost.com/dispatch/news/thomson-reuters/130125/uk-court-identifies-barclays-staff-named-rate-probe <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Matt Scuffham</p> <p>LONDON, Jan 25 (Reuters) - A number of Barclays current and past executives are on a shortlist of individuals named in regulatory documents referring to the bank's attempted rigging of global benchmark interest rates, court documents released on Friday showed.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130125/uk-court-identifies-barclays-staff-named-rate-probe" target="_blank">read more</a></p> Barclays Barclays Economics Financial economics Thomson Reuters Fri, 25 Jan 2013 14:00:29 +0000 Thomson Reuters 5739351 at http://www.globalpost.com UPDATE 1-UK court identifies Barclays staff named in Libor probe http://www.globalpost.com/dispatch/news/thomson-reuters/130125/update-1-uk-court-identifies-barclays-staff-named-libor-probe <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Court releases shortlist of names linked to Libor probe</p> <p>* Lucas, Ricci named on shortlist</p> <p>* CEO has warned staff to adopt new standards or leave</p> <p>* Guardian Care Homes suing over alleged mis-selling</p> <p>By Matt Scuffham</p> <p>LONDON, Jan 25 (Reuters) - A number of current and past executives at Barclays are on a list of individuals named in documents relating to the regulatory investigation into the Libor rate-rigging scandal, court documents released on Friday showed.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130125/update-1-uk-court-identifies-barclays-staff-named-libor-probe" target="_blank">read more</a></p> Barclays Business Economics Financial economics Labor Law War Thomson Reuters Fri, 25 Jan 2013 19:15:18 +0000 Thomson Reuters 5739569 at http://www.globalpost.com UPDATE 1-Barclays ex-pay chief disagreed with Diamond's bonus http://www.globalpost.com/dispatch/news/thomson-reuters/130130/update-1-barclays-ex-pay-chief-disagreed-diamonds-bonus <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 30 (Reuters) - The former head of remuneration at Barclays said she clashed with the UK bank's board over the annual bonus of former boss Bob Diamond, and described the bonus culture in banking as "obscene".</p> <p>Alison Carnwath, who quit in July at a time of turmoil for the bank following its fine for rigging Libor interest rates, said Diamond had been reluctant to accept that pay at Barclays was high and was "overly protective of his investment banking franchise".</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130130/update-1-barclays-ex-pay-chief-disagreed-diamonds-bonus" target="_blank">read more</a></p> Bankers' bonuses Barclays Business Marcus Agius Social Issues Thomson Reuters Wed, 30 Jan 2013 17:01:26 +0000 Thomson Reuters 5741579 at http://www.globalpost.com URGENT ¥¥¥ Barclays bank says chief executive will give up 2012 bonus http://www.globalpost.com/dispatch/news/afp/130201/urgent-barclays-bank-says-chief-executive-will-give-2012-bonus <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>British bank Barclays, which was rocked by the Libor rate-rigging scandal last year, announced on Friday that chief executive Antony Jenkins would forego his 2012 bonus after a "difficult" year.</p> <p>"To avoid further unnecessary public debate on this matter, I wish to make clear that I concluded early this week that I do not wish to be considered for a bonus award for 2012, and I have communicated that decision to the board," Jenkins said in a company statement.</p> <p>rfj/wai</p> Barclays AFP Fri, 01 Feb 2013 12:00:41 +0000 Agence France-Presse 5742871 at http://www.globalpost.com http://www.globalpost.com/dispatch/news/afp/130201-17 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>British bank Barclays says chief executive will forego 2012 bonus</p> <p>rfj/wai</p> Barclays AFP Fri, 01 Feb 2013 12:00:48 +0000 Agence France-Presse 5742874 at http://www.globalpost.com RPT-UPDATE 2-Barclays boss forgoes bonus, Qatar deal probed http://www.globalpost.com/dispatch/news/thomson-reuters/130201/update-1-barclays-ceo-jenkins-says-wont-take-2012-bonus <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* UK probes whether bank lent Qatar money to buy shares- FT</p> <p>* Barclays declines comment on ongoing investigations</p> <p>* Barclays pay under scrutiny after rate rigging scandal</p> <p>By Steve Slater and Matt Scuffham</p> <p>LONDON, Feb 1 (Reuters) - Barclays Chief Executive Antony Jenkins has opted not to take a bonus for 2012, saying he should "bear an appropriate degree of accountability" for the difficult year the British bank endured.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130201/update-1-barclays-ceo-jenkins-says-wont-take-2012-bonus" target="_blank">read more</a></p> Antony Jenkins Asia Barclays Barclays Business Economy of the United Kingdom Labor Law United Kingdom Thomson Reuters Fri, 01 Feb 2013 13:30:51 +0000 Thomson Reuters 5743011 at http://www.globalpost.com UPDATE 1-Barclays finance director Lucas to retire - sources http://www.globalpost.com/dispatch/news/thomson-reuters/130203/update-1-barclays-finance-director-lucas-retire-sources <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Feb 3 (Reuters) - Barclays Plc's finance director Chris Lucas is to announce on Monday that he plans to retire, people familiar with the matter said, as the British bank struggles to put several scandals behind it.</p> <p>Lucas, in his early fifties, has been finance director for a tough six years that spanned the global financial crisis, but the past nine months have been particularly difficult.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130203/update-1-barclays-finance-director-lucas-retire-sources" target="_blank">read more</a></p> Barclays Bob Diamond Business Chris Lucas Economy of the United Kingdom Labor Law Thomson Reuters Sun, 03 Feb 2013 17:11:09 +0000 Thomson Reuters 5744598 at http://www.globalpost.com UPDATE 2-Barclays finance director Lucas, top counsel to retire http://www.globalpost.com/dispatch/news/thomson-reuters/130203/update-2-barclays-finance-director-lucas-top-counsel-retire <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Barclays CFO Lucas, General Counsel Harding to retire</p> <p>* Will only leave when replacements found, likely to be some time</p> <p>* Lucas under investigation for 2008 Qatar fundraising</p> <p>* Lucas says appropriate time "to pass the mantle on"</p> <p>By Steve Slater and Paul Sandle</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130203/update-2-barclays-finance-director-lucas-top-counsel-retire" target="_blank">read more</a></p> Banking in the United Kingdom Barclays Business Chris Lucas Labor Law Libor Thomson Reuters Sun, 03 Feb 2013 19:45:15 +0000 Thomson Reuters 5744723 at http://www.globalpost.com Barclays increases mis-selling provisions http://www.globalpost.com/dispatch/news/thomson-reuters/130205/barclays-increases-mis-selling-provisions <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Feb 5 (Reuters) - Britain's Barclays said on Tuesday it had increased the provisions it needed to cover the mis-selling of interest rate hedging products (IRHP) and payment protection insurance (PPI) schemes.</p> <p>Barclays said following a pilot review, it would now include a provision for IRHP of 850 million pounds ($1.3 billion), which is an increase of 400 million pounds. The provision for the PPI scheme will now reach 2.6 billion pounds, which is an increase of 600 million pounds.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130205/barclays-increases-mis-selling-provisions" target="_blank">read more</a></p> Barclays Mortgage Payment protection insurance Thomson Reuters Tue, 05 Feb 2013 07:30:15 +0000 Thomson Reuters 5746089 at http://www.globalpost.com http://www.globalpost.com/dispatch/news/afp/130205-2 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>British bank Barclays takes new £1.0-bn charge against mis-selling products</p> <p>mg-rfj/rl</p> Barclays AFP Tue, 05 Feb 2013 07:45:20 +0000 Agence France-Presse 5746100 at http://www.globalpost.com UPDATE 4-Barclays ducks Qatar questions, takes $1.6 bn mis-selling hit http://www.globalpost.com/dispatch/news/thomson-reuters/130205/update-1-barclays-increases-mis-selling-provisions <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Makes 1 bln stg provision for PPI, interest rate swaps</p> <p>* Signals rival UK banks need to set aside more cash</p> <p>* Says cannot comment on Qatar fundraising investigation</p> <p>* "We are shredding" some behaviours of the past -CEO</p> <p>By Steve Slater and Matt Scuffham</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130205/update-1-barclays-increases-mis-selling-provisions" target="_blank">read more</a></p> Banking in the United Kingdom Barclays Barclays Dispute resolution HSBC Bank Canada Human Interest Payment protection insurance Thomson Reuters Tue, 05 Feb 2013 08:00:18 +0000 Thomson Reuters 5746104 at http://www.globalpost.com