IBTimes Australia : Barclays Topic

Bank of England's King makes last call for more stimulus, bank reform

Thu, 20 Jun 2013 06:14:03 +1000

Britain's economic recovery is not yet secure and more needs to be done to ensure the country's banks no longer pose a threat to taxpayers, Bank of England Governor Mervyn King said in his final speech on Wednesday.

RBS, Lloyds, Barclays account for most of UK capital gap - FT

Thu, 20 Jun 2013 03:21:03 +1000

Britain's financial regulator will on Thursday say capital holes at Royal Bank of Scotland, Lloyds Banking Group and Barclays account for more than 90 percent of a 25 billion-pound ($39 billion) shortfall, the Financial Times said.

Britain says reckless bankers could face jail

Thu, 20 Jun 2013 00:00:05 +1000

Bankers who are reckless with customers' or taxpayers' money could face criminal charges and have bonuses and pensions clawed back, according to proposals backed by the prime minister on Wednesday.

PCBS Final Report: CBI Rejects Call for New Criminal Sanctions Against 'Reckless' Bankers

Wed, 19 Jun 2013 17:49:32 +1000

PCBS report says enforcement of existing sanctions, not new ones, is the immediate way forward

PCBS Urges Jail Terms for Reckless Bankers

Wed, 19 Jun 2013 16:23:06 +1000

Parliamentary Commission on Banking Standards recommends jail sentences for bankers who cause financial disasters.

Asian Investors Hold Fire As Fed Fears Linger

Wed, 19 Jun 2013 16:19:24 +1000

FOMC will end its two-day meet later in the day and Fed chief Ben Bernanke is due to speak after the meet.

Fed seen keeping options open on pace of bond buying

Wed, 19 Jun 2013 15:14:01 +1000

Federal Reserve policymakers will likely announce on Wednesday that they will keep buying bonds at a monthly pace of $85 billion, while keeping their options open to scale back the program later this year if the U.S. labour market continues to improve.

Nikkei outperforms Asian stocks as Fed looms

Wed, 19 Jun 2013 13:49:02 +1000

Japanese stocks rose on Wednesday, thanks to a positive lead from Wall Street plus a softer yen, outperforming the rest of Asia which anxiously seeks clarity on the Federal Reserve's next policy step.

UK parliamentarians call for 'reckless' bankers to face jail

Wed, 19 Jun 2013 09:35:04 +1000

Britain should introduce laws making it possible to jail "reckless" bankers and claw back past bonus and pension awards, an influential panel of lawmakers said on Wednesday.

UK lawmakers call for 'reckless' bankers to face jail

Wed, 19 Jun 2013 09:21:03 +1000

Britain should introduce laws making it possible to jail "reckless" bankers and claw back past bonus and pension awards, an influential panel of lawmakers said on Wednesday.

UK's Osborne to unveil future of state-controlled banks

Wed, 19 Jun 2013 09:21:02 +1000

The fate of Britain's two state-controlled banks will become clearer on Wednesday, when finance minister George Osborne is likely to start the clock ticking for the sale of the government's stakes.

Osborne to unveil future of state-controlled banks

Wed, 19 Jun 2013 09:21:02 +1000

The fate of Britain's two state-controlled banks will become clearer on Wednesday, when Chancellor George Osborne is likely to start the clock ticking for the sale of the government's stakes.

FCA says 'means business' on suing individuals

Wed, 19 Jun 2013 01:42:02 +1000

Britain's top market regulations enforcer said on Tuesday her agency would pursue relentlessly individuals who break rules such as rigging Libor interest rates, and that fines were not punishment enough.

FCA says "means business" on suing individuals

Wed, 19 Jun 2013 00:35:02 +1000

Libor Fixing Scandal: SFO Charges Ex-Citi and UBS Trader Thomas Hayes with 8 Counts of Fraud

Tue, 18 Jun 2013 17:55:37 +1000

Serious Fraud Office charges senior trader with conspiracy to defraud over Libor.

European Markets Down As Markets Await Cues from Fed Meet

Tue, 18 Jun 2013 17:38:23 +1000

Investors will also track British CPI data and Germany's ZEW Economic Sentiment Index.

Fed Fears Force Cautious Trade in Asia

Tue, 18 Jun 2013 16:14:38 +1000

Nervousness to continue till the FOMC rate decision and Fed chief Ben Bernanke's speech, according to Barclays.

Trade Deficit at 7-Month High as Gold Imports Surge

Mon, 17 Jun 2013 19:48:58 +1000

India's trade deficit widened to a seven-month high in May as gold imports surged, provisional data showed on Monday, but economists expect newly announced measures to dampen demand for the precious metal in coming months and narrow the shortfall.

Foreign Banks Knocking On India Inc's Doors With Cheap Dollar Loans

Mon, 17 Jun 2013 18:59:10 +1000

Standard Chartered, Citigroup and Deutsche Bank offer low-cost loans.

Asian shares track Wall St lower as Fed meeting looms

Mon, 17 Jun 2013 10:49:03 +1000

Asian shares inched lower and the dollar remained defensive on Monday as investors settled in to wait for the U.S. Federal Reserve meeting outcome later in the week - and some long-awaited clarity on its intentions for monetary stimulus.

Tyrie brings eagle scrutiny to British banking reform

Sun, 16 Jun 2013 20:35:02 +1000

Andrew Tyrie is a Conservative MP, but this week fellow party member and Chancellor George Osborne will be taking a deep breath as Tyrie's cross-party committee on British banking reform unveils its final report.

India’s Rupee in Free Fall: Central Bank Unlikely to Shore up Currency

Sun, 16 Jun 2013 18:45:01 +1000

Barclays sees RBI having an undeclared preferred range for rupee.

British Banks Ordered to Set Aside Over £1bn For Singapore Rate Rigging

Sat, 15 Jun 2013 15:33:27 +1000

RBS, Barclays and Standard Chartered under probe by Monetary Authority of Singapore.

Singapore punishes 20 banks in benchmark rate review

Sat, 15 Jun 2013 00:35:02 +1000

Singapore's central bank censured a record 20 banks on Friday after it found more than 100 traders in the city state tried to rig key borrowing and currency rates.

Anti-G8 activists rally in London banking district

Sat, 15 Jun 2013 00:28:02 +1000

About 100 activists rallied in the shadow of London's Canary Wharf financial district on Friday, encircled by police, in a protest against capitalism before next week's G8 summit in the United Kingdom.

Barclays seeks up to 700 staff for new Dallas technology hub

Fri, 14 Jun 2013 23:14:04 +1000

Barclays is aiming to recruit up to 700 technology staff in the next 18 months at a new center in the United States that will develop applications for investment banking and consumer banking.

Paul Tucker Quits Bank of England After Mark Carney Scooped Mervyn King's Governor Job

Fri, 14 Jun 2013 20:41:40 +1000

Deputy governor Tucker's involvement in Libor undermined chance of getting BoE governor role.

Anti-G8 protests aim for London's Canary Wharf banking district

Fri, 14 Jun 2013 08:14:02 +1000

Activists plan a show of "civil disobedience" in the heart of London's Canary Wharf financial district on Friday to protest against capitalism ahead of next week's G8 summit which Britain is hosting.

FCA told to improve its game

Fri, 14 Jun 2013 06:35:03 +1000

The FCA lacks clarity and must be bolder about protecting consumers hit by years of misleading sales tactics, two former top policymakers said on Thursday.

Exclusive - Goldman offers top clients automated block trading

Fri, 14 Jun 2013 03:49:05 +1000

Goldman Sachs Group Inc has quietly offered some top clients a tool that allows them to plug into its trading system and buy or sell large blocks of stock electronically.