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Barclays PLC (BARC.L)

BARC.L on London Stock Exchange

150.95GBp
10:05am EDT
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151.80p
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151.65p
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149.10p
Volume
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Latest Key Developments (Source: Significant Developments)

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

Fitch affirms Barclays at 'A', outlook stable
Tuesday, 14 Jun 2016 04:21pm EDT 

Fitch:Fitch affirms Barclays at 'A'; outlook stable.  Full Article

Barclays names Tim Main chairman of global financial institutions group
Monday, 13 Jun 2016 12:02pm EDT 

Barclays Plc : Barclays announces appointment of Tim Main as chairman of global FIG, based in New York . Tim main joins Barclays from Evercore Partners where he was most recently senior managing director .Barclays appoints chairman of global financial institutions group.  Full Article

J.P Morgan's CIO Mark Ashton-Rigby moving to Barclays PLC- WSJ
Thursday, 26 May 2016 04:17pm EDT 

: J.P Morgan's chief information officer for corporate and investment banking is moving to Barclays PLC- WSJ, citing spokeswoman Source (http://on.wsj.com/1TZfKMo) Further company coverage: [JPM.N,BARC.L] (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

Mediobanca expects to Barclays deal to close in Q1 of next financial year
Wednesday, 11 May 2016 03:25am EDT 

Mediobanca: CEO Alberto Nagel tells analysts on a post-results call he expects closing of Che Banca!/Barclays deal within the first quarter of the next financial year . Barclays agreed to sell its branches in Italy to Mediobanca's retail division CheBanca! in a deal that will give the Italian investment bank a boost in a race for asset management fees on its home turf.[nL8N13S0TR] Further company coverage: [MDBI.MI] (Reporting by Milan newsroom).  Full Article

Barclays PLC's risk officer in France alleges laundering and mis-selling failures - FT
Tuesday, 3 May 2016 08:00pm EDT 

Barclays PLC:A senior executive at Barclays has alleged money laundering and mis-selling failures at the bank’s French operations, casting a shadow over the British group’s plan to sell its business in France to a private equity group.The Financial Times has seen a letter dated April 5 from Philippe Hébert, chief risk officer of Barclays France, to Tony Blanco, chief executive of Barclays France, alleging serious shortfalls in the bank’s standards of controls, compliance and conduct.Mr Hébert says: “I am following up the message I sent you on March 3, regarding serious mismanagement at cashier level and the particularly poor handling of this situation by the various control services and lines of defence.even though it carries serious risks of money laundering, especially at branches already known to be at risk (such as Biarritz).”.The letter cites several cases of suspicious activity that Mr Hébert claims the bank has failed to take seriously enough.These include unusually high levels of repeated, large cash withdrawals by customers of just below the €10,000 limit at its Biarritz branch, on 38 occasions by one client, and the detention of staff in its Nantes branch by police on suspicion of money laundering.Mr Hébert said elderly customers of Barclays France had regularly been mis-sold expensive products.Barclays said in a statement: “We were already aware of these allegations.  Full Article

Barclays PLC - Senior Barclays executive denies knowledge of Libor rate rigging - Reuters News
Wednesday, 27 Apr 2016 06:20pm EDT 

Barclays PLC:Senior Barclays BARC.L executive Michael Bagguley told a London court that he had never sought to influence Libor benchmark interest rates, instructed others to do so, or seen any evidence of manipulation between 2005 and 2007.Former Barclays traders Stylianos Contogoulas, Jay Merchant, Alex Pabon and Ryan Reich and former Barclays rate submitter Jonathan Mathew are standing trial after all pleading not guilty to one charge of conspiracy to defraud by manipulating US dollar Libor rates between June 2005 and Sept. 2007.In its third trial of individuals accused of rigging the London interbank offered rate, a benchmark for trillions of financial contracts and household loans, Britain's Serious Fraud Office alleges the 5 men were dishonest when they asked colleagues to submit rates to benefit their trading positions.Agguley, who is chief operating officer of Barclays' investment bank and was called as a prosecution witness, dismissed a suggestion he was denying knowledge of the alleged activity because he feared prosecution."I suggest you did know and are simply denying it," Hugh Davies, a lawyer representing Merchant, told Wednesday's court hearing.Bagguley, a 15-year Barclays veteran, also denied‎ a suggestion that he only realised attempts to influence Libor rates were wrong after the bank launched an internal inquiry and settled regulatory allegations of wrongdoing in 2012.  Full Article

Barclays PLC -UK watchdog asks banks to check for ties to Panama Papers - Reuters News
Thursday, 7 Apr 2016 06:24am EDT 

HSBC Holdings PLC:Britain's Financial Conduct Authority has asked 20 banks and other financial firms to check if they have any ties to Panama law firm Mossack Fonseca, the regulator said on Thursday. - RTRS.A massive leak of documents from the firm released this week detailed how the world's rich skipped through loopholes to park cash in low-tax jurisdictions.Recipients of the letter have been given until April 15 to respond to the disclosure request. More than 500 banks, their subsidiaries and branches registered nearly 15,600 shell companies with Mossack Fonseca, according to the International Consortium of Investigative Journalists (ICIJ).HSBC, and its affiliates created more than 2,300 in total, the ICIJ says.HSBC has dismissed suggestions it actively used offshore structures to help clients cheat on their taxes.The bank has said the documents from Panama pre-dated a thorough reform of its business model.Spokespeople for HSBC and Barclays BARC.L declined to comment on the FCA correspondence. RBS and Standard Chartered both said they were reviewing their operations and co-operating fully with regulators on the issue.News of the FCA's letter follows calls from Conservative lawmaker and chairman of Britain's Treasury Select Committee, Andrew Tyrie, for a thorough investigation of the trove and prosecutions "wherever possible".  Full Article

BRIEF-Barclays sells Vocalink stake to Mastercard for 100 mln stg

* Confirms sale of majority of its shareholding in Vocalink Holdings to Mastercard for 104 million stg