Chris Lucas
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London shares tumble after Barclays resignations
Feb 04, 2013 12:14 EST
.London shares tumbled on Monday as the resignation of two Barclays directors added to gloom about scandals in the UK banking sector
Barclays apologises for Libor affair, reveals new probe
Jul 27, 2012 07:59 EDT
Barclays on Friday formally apologised for the Libor rate-rigging scandal and revealed that its finance director faced a probe into a separate regulatory matter in a fresh blow for the British bank.
Barclays shares plunge as Diamond faces call to resign
Jun 28, 2012 08:28 EDT
Shares in Barclays bank plunged more than 10 percent and Prime Minister David Cameron said the company had "serious questions" to answer on Thursday after the bank was hit by record fines for distorting rates.
PM slams Barclays scandal as Diamond faces call to resign
Jun 28, 2012 06:38 EDT
Prime Minister David Cameron has called for management at Barclays bank to answer "serious questions" as pressure mounted on chief executive Bob Diamond to resign following a rate-rigging scandal.
Barclays boss Diamond under the gun over £290 m scandal
Jun 28, 2012 03:37 EDT
Pressure was mounting on Barclays bank chief Bob Diamond Thursday as he was set to be summoned before MPs over a scandal which saw the bank fined £290 million after claims it manipulated key interest rate markets.
Barclays fined $452 mn in rate manipulation probe
Jun 27, 2012 10:56 EDT
Barclays bank is to pay $452 million in fines following a probe into suspected manipulation by several banks of key markets for Libor and Euribor interest rates, the bank revealed on Wednesday.
Barclays pays fine of £290 mn over misconduct
Jun 27, 2012 10:02 EDT
Barclays bank revealed on Wednesday it will pay fines of £290 million ($452 million, 362 million euros) to British and US authorities over a probe into rate manipulation, and top staff will take a bonus cut.
Barclays shareholders revolt against boss pay awards
Apr 27, 2012 13:12 EDT
British bank Barclays on Friday said almost one third of its shareholders had chosen not to back its annual executive pay awards amid controversy over chief executive Bob Diamond's huge wage package.
Barclays slumps to loss before shareholder showdown
Apr 26, 2012 11:31 EDT
Barclays sank into the red in the first quarter on massive exceptional charges, the British bank said on Thursday as it prepared to face a shareholder backlash over high executive pay.
Barclays bank plunges into red in first quarter
Apr 26, 2012 05:08 EDT
Barclays bank said Thursday that it suffered a net loss of £337 million ($546 million, 412 million euros) in the first quarter, due to a huge accounting charge and compensation claims.
Barclays plunges into red in first quarter
Apr 26, 2012 05:04 EDT
Barclays bank said on Thursday that it suffered a net loss of £337 million in the first quarter, due to a huge accounting charge and compensation claims.
Global banks feel heat from shareholders over pay
Apr 22, 2012 01:44 EDT
Some of the world's biggest banks face increased pressure from institutional shareholders to curb the pay and bonuses of top executives amid severe under-performance following the financial crisis.
Barclays buys Citigroup's Egg credit card division
Mar 01, 2011 04:28 EST
Barclays bank said on Tuesday that it has agreed to buy the Egg credit card division from US banking giant Citigroup for an undisclosed amount.
Barclays says first-half net profits soar 29%
Aug 05, 2010 05:12 EDT
British bank Barclays said on Thursday that net earnings jumped 29 percent in the first half of 2010, on the back of surging profits at its investment banking division and tumbling bad debts.
Barclays bank says first-half profits soar
Aug 05, 2010 03:38 EDT
Barclays bank said on Thursday that net earnings jumped 29 percent in the first half of 2010, on the back of surging profits at its investment banking division and tumbling bad debts.
Barclays bank says net profits soar 29 percent
Aug 05, 2010 03:09 EDT
British bank Barclays said on Thursday that net earnings jumped 29 percent in the first half of 2010, on the back of surging profits at its investment banking division and tumbling bad debts.
Barclays trio of top execs to forgo 2009 cash bonus
Feb 13, 2010 06:25 EST
LONDON (Reuters) - The trio of top executives at British bank Barclays <BARC.L>, including Chief Executive John Varley and President Bob Diamond, will forgo a cash bonus for 2009, a person familiar with the matter said.
Barclays, HSBC signal bad debts may have peaked
Nov 10, 2009 09:20 EST
LONDON (Reuters) - Britain's top two banks, HSBC <HSBA.L> and Barclays <BARC.L>, signaled bad debts may be past their peak, with HSBC declaring on Tuesday the first improvement for three years in losses on U.S. consumer credit.
Bad debt weighs on Barclays earnings
Nov 10, 2009 06:37 EST
Barclays reports fall in net profit over 9 months as bad debt provisions increase. Banking group Barclays PLC on Tuesday reported strong earnings in its investment banking unit and announced the restart of dividend payments, but also warned that the bad debts weighing on its profits have not yet peaked.
Barclays bank says 1Q net profit up 12 pct
May 07, 2009 07:13 EDT
Barclays bank says 1Q net profit up 12 percent, impairment charges up 79 percent. Barclays PLC, the British bank that stood apart from its peers by shunning a government bailout, on Thursday posted a sharp rise in first-quarter net profit after its investment banking profits surged from the acquisition of U.S. assets of bankrupt Lehman Brothers.
