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Barclays PLC (BARC.L)

BARC.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Barclays is trying to cap U.S. mortgage penalty at $2 bln- Bloomberg,citing source
Thursday, 27 Oct 2016 11:19am EDT 

: Barclays Plc is trying to draw line at $2 billion in penalties to settle U.S. investigation into its sale of mortgage securities- Bloomberg,citing source . Justice department's starting point for negotiations wasn't disclosed but was less than $14 billion - Bloomberg,citing source . Size of the potential penalty has since been reduced in the Barclays negotiation - Bloomberg,citing source Source (http://bloom.bg/2eQrcP9) ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Credit Suisse, Barclays said to be in mortgage-settlement talks with U.S. DoJ - Bloomberg, citing sources
Wednesday, 28 Sep 2016 01:40pm EDT 

:Credit Suisse, Barclays said to be in mortgage-settlement talks with the U.S. Justice Department - Bloomberg, citing sources.  Full Article

Mediobanca wraps up buy of Barclays Italian branches
Tuesday, 30 Aug 2016 05:22am EDT 

Mediobanca says: has completed acquisition of Barclays retail business in Italy . deal envisages Barclays paying Mediobanca retail unit Chebanca! 240.5 million euros . deal sees CheBanca! doubling its size with funding over 20bn .in December last year Mediobanca said Barclays would pay 237 million euros. [nL8N13S0TR].  Full Article

Barclays completes sale of risk analytics unit to Bloomberg
Wednesday, 24 Aug 2016 10:00am EDT 

Barclays Plc : Sale of Risk Analytics & Index solutions business . Completed sale of Barclays Risk Analytics And Index Solutions Ltd. To bloomberg L.p. For approximately 615 mln stg .Pre-Tax gain recognised on completion of transaction is approximately 535 mln stg.  Full Article

Ex-Barclays CEO Jenkins joins Currencies Direct
Friday, 5 Aug 2016 04:05am EDT 

:Ex-CEO of Barclays, Anthony Jenkins, joins Currencies Direct as non-executive chairman..  Full Article

FINRA says fines Barclays Capital Inc $1.3 mln
Wednesday, 3 Aug 2016 09:45am EDT 

FINRA (The Financial Industry Regulatory Authority): Fines Barclays Capital Inc $1.3 million for extensive oats reporting violations and related supervisory failures . Also found that Barclays Capital's supervisory system was not reasonably designed to achieve compliance with its oats reporting obligations .In concluding the settlement, Barclays Capital neither admitted nor denied charges, but consented to entry of finra's findings.  Full Article

Barclays underlying pretax profits fall as non-core run down accelerates
Friday, 29 Jul 2016 01:30am EDT 

Barclays Plc : Group profit before tax of £2,063m . Profit before tax decreased 16% to £1,610m. Underlying profit before tax, which excludes impact of notable items decreased 25% to £1,610m . Additional provision of £400m relating to uk customer redress. . Rwas increased £11.1bn to £178.4bn primarily due to an increase in fair value of derivative exposures and appreciation of usd against gbp . Credit impairment charges increased 10% to £377m primarily driven by balance growth and appreciation of average usd and eur against gbp . Says non-core rwa guidance of around £20bn in 2017 remains unchanged . Restructuring of terms of education, social housing and local authority (eshla) loans with lender option borrower option (lobo) features . Markets income decreased 6% to £2,695m . Underlying profit before tax, which excludes impact of notable items decreased 10% to £2,289m . Providing additional guidance on costs for non-core in 2017 to be in a range of between £400-£500 million, significantly below expected 2016 level. . Says barclays is well positioned to weather any potential economic consequences of that brexit decision . Financial conduct authority (fca) has alleged that bplc and bbplc breached their disclosure obligations in connection with two advisory services . Fca has imposed a £50m fine . Core profit before tax increased 19% to £3,967m . Underlying cost: income ratio was 61% (h115: 59%) and underlying rote was 10.7% (h115: 12.4%).  Full Article

Barclays Bank Plc files for potential mixed shelf, size not disclosed
Monday, 18 Jul 2016 02:03pm EDT 

Barclays Bank Plc :Barclays Bank Plc files for potential mixed shelf, size not disclosed - SEC filing.  Full Article

SFO says four ex-Barclays employees sentenced to jail in Libor case
Thursday, 7 Jul 2016 10:45am EDT 

Serious Fraud Office (SFO): Convicted Libor manipulators sentenced . Four former Barclays Bank Plc employees have been sentenced to a total of 17 years in prison following their convictions manipulating US dollar Libor . Is seeking a retrial of two co-defendants Stylianos Contogoulas and Ryan Michael Reich For full story, click on: [nL8N19T3NS] Further company coverage: [BARC.L] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

SFO says has 14 days to reconsider re-trial of two defendants in Libor rigging trial
Monday, 4 Jul 2016 09:47am EDT 

Serious Fraud Office (SFO): SFO has 14 days from today in which to consider whether to seek a re-trial of Contogoulas and Reich . SFO's London Interbank Offered Rate (LIBOR) investigation continues - six individuals await trial for alleged manipulation of EURIBOR on Sept. 4 2017. Link to text release: (http://bit.ly/29gPnaK) Further company coverage: [BARC.L] (Bengaluru Newsroom) ((+91 80 6749 1136;)).  Full Article


Barclays' exit from energy trading stirs concerns over liquidity

NEW YORK British bank Barclays Plc has joined the list of top banks to exit energy trading, an exodus that analysts say raises concern among oil producers that falling liquidity means they cannot use derivatives for their basic function: to hedge risk by locking in future prices.