Key Developments: Barclays PLC (BARC.L)

BARC.L on London Stock Exchange

210.60GBp
22 Jul 2014
Price Change (% chg)

0.40p (+0.19%)
Prev Close
210.20p
Open
211.00p
Day's High
212.10p
Day's Low
209.70p
Volume
26,325,971
Avg. Vol
49,096,395
52-wk High
302.53p
52-wk Low
201.75p

Search Stocks

Latest Key Developments (Source: Significant Developments)

Barclays PLC Finance Chief Lucas To Retire Early-Reuters
Tuesday, 13 Aug 2013 05:02pm EDT 

Reuters reported that Barclays PLC's finance director Chris Lucas could leave the bank as early as this week, six months ahead of his scheduled retirement, the Guardian reported on Tuesday, citing health issues. Barclays declined to comment on the report.  Full Article

Barclays PLC Updates On Proposed Rights Issue
Monday, 5 Aug 2013 04:30am EDT 

Barclays PLC announced on 30 July 2013, as part of its Leverage Plan, an underwritten Rights Issue of one New Ordinary Share for every four Existing Ordinary Shares at an Issue Price of GBP1.85 per New Ordinary Share, to raise approximately GBP5.8 billion (net of expenses). Further to such announcement, Barclays announced that it has appointed a number of additional banks (the 'Additional Underwriters and Joint Bookrunners') to the syndicate of banks who have underwritten the Rights Issue. The Additional Underwriters and Joint Bookrunners appointed to the syndicate are ABN AMRO Bank N.V., Banco Santander S.A., BNP Paribas, ING Bank N.V., J.P. Morgan Securities plc (which conducts its UK investment banking activities as J.P. Morgan Cazenove), Mediobanca - Banca di Credito Finanziario S.p.A., Morgan Stanley Securities Limited, RBC Capital Markets and SMBC Nikko Capital Markets Limited. Such appointments have been made on the basis set out in the announcement released on July 30, 2013. Further details of such appointments will be set out in the Prospectus, which is expected to be published in September 2013. Barclays Investment Bank is acting as Global Co-ordinator and Joint Bookrunner, and Credit Suisse, Deutsche Bank, BofA Merrill Lynch and Citi are acting as Joint Bookrunners and Initial Underwriters.  Full Article

Barclays PLC To Raise Funds-Reuters
Tuesday, 30 Jul 2013 02:55am EDT 

Reuters reported that Barclays PLC plans to raise GBP5.8 billion ($8.9 billion) from its shareholders to answer pressure from Britain's regulator for the bank to boost its capital strength and meet another GBP2 billion mis-selling charge. Barclays said it will offer shareholders one new share for every four owned at 185 pence in a rights issue, which offers existing shareholders the right to buy discounted shares first to avoid diluting them. The bank also plans to sell GBP2 billion of bonds that convert into equity or are wiped out if it hits trouble, and shrink its loans.  Full Article

Barclays PLC To Fight $453 Million Power Fine In U.S. Court-Reuters
Wednesday, 17 Jul 2013 11:49am EDT 

Reuters reported that Barclays PLC will contest a record $453 million fine imposed by a U.S. energy regulator against the British bank and four of its power traders, setting up a likely federal court battle. The fines, which were upheld by the Federal Energy Regulatory Commission (FERC) on July 16, 2013, confirm the U.S. energy cop will pursue its market manipulation case to date. For Barclays, the sanction is the latest of a series of scandals that include a $450 million fine by U.S. and UK regulators for rigging global benchmark interest rates last year.  Full Article

Barclays PLC And Barclays Bank PLC Appoints Group Finance Director
Tuesday, 16 Jul 2013 06:30am EDT 

Barclays PLC and Barclays Bank PLC announced that Tushar Morzaria will be appointed as Group Finance Director to succeed Chris Lucas in this role. Chris announced in February 2013 his intention to retire. Mr Lucas will remain on the Board as Group Finance Director and a member of the Executive Committee until his retirement as Group Finance Director on February 28, 2014, at which point Mr Morzaria will take up his responsibilities in full.  Full Article

Singapore Reprimands Barclays PLC's Barclays Bank PLC And Other Banks After Benchmark Rate Review-Reuters
Friday, 14 Jun 2013 07:59am EDT 

Reuters reported that Singapore's central bank has censured Barclays PLC' Barclays Bank PLC and 19 other banks on June 14, 2013 after it found traders in the city state tried to manipulate benchmark borrowing and currency rates, and has ordered them to set aside additional reserves for a year. All of the banks on the Singapore's setting panels for interbank lending and currency rates were censured, along with Australia's Macquarie Bank. UBS AG, Royal Bank of Scotland Group PLC and ING Groep NV have been ordered to set aside the most in additional reserves, with each having to post between an extra SGD1 billion ($799.52 million) and SGD1.2 billion with the central bank. The money will be returned if the banks take the required remedial action. UBS and ING could not immediately be reached for comment. Other banks censured included BNP Paribas, Bank of America, Oversea-Chinese Banking Corporation, Barclays PLC's Barclays Bank PLC, Credit Suisse, DBS, Deutsche Bank and Standard Chartered PLC  Full Article

Singapore Reprimands Barclays PLC And Other Banks After Benchmark Rate Review-Reuters
Friday, 14 Jun 2013 07:59am EDT 

Reuters reported that Singapore's central bank has censured Barclays PLC and 19 other banks on June 14, 2013 after it found traders in the city state tried to manipulate benchmark borrowing and currency rates, and has ordered them to set aside additional reserves for a year. All of the banks on the Singapore's setting panels for interbank lending and currency rates were censured, along with Australia's Macquarie Bank. UBS AG, Royal Bank of Scotland Group PLC and ING Groep NV have been ordered to set aside the most in additional reserves, with each having to post between an extra SGD1 billion ($799.52 million) and SGD1.2 billion with the central bank. The money will be returned if the banks take the required remedial action. UBS and ING could not immediately be reached for comment. Other banks censured included BNP Paribas, Bank of America, Oversea-Chinese Banking Corporation, Barclays Bank PLC, Credit Suisse, DBS, Deutsche Bank and Standard Chartered PLC  Full Article

Barclays PLC Axes 3,700 Jobs-Reuters
Tuesday, 12 Feb 2013 09:20am EST 

Reuters reported that Barclays Plc's new chief executive pledged a fresh course for the British lender, axing at least 3,700 jobs and pruning investment bank as he seeks to rebuild reputation and increase profitability after a series of scandals.  Full Article

Barclays PLC Declares Final Cash Dividend
Tuesday, 12 Feb 2013 09:00am EST 

Barclays PLC announced that it will pay a final cash dividend for 2012 of 3.5 pence per share on March 15, 2013, giving a total declared dividend for 2012 of 6.5 pence per share.  Full Article

Barclays PLC Investment Bank Cutting Jobs-Reuters
Wednesday, 6 Feb 2013 07:02pm EST 

Reuters reported that Barclays PLC is nearing the completion of a raft of job cuts at its investment bank as part of its new Chief Executive's plan to streamline operations and cut costs, a person familiar with the matter said on February 06, 2012. The scale of cuts is unclear, but analysts expect Chief Executive Antony Jenkins to announce about 2,000 investment bank jobs have gone when he unveils a strategic plan on February 12. Sources said there have been cuts in front- and back-office functions, and they have included fixed income, commodities, currencies, equities and advisory business areas. Barclays plans to cut 275 jobs in three locations in New York, including its office in the former Lehman Brothers headquarters, the British bank said in a filing with the New York State Labor Department. Wednesday's filing also showed the layoff date would be May 15. Analysts say 5 to 10% of staff could go, although some suggest a bigger cull of 15%, or more than 3,000 jobs, could be seen.  Full Article

Photo

Credit Suisse posts big loss after U.S. tax settlement

ZURICH - Credit Suisse Group AG will quit commodities trading after chalking up its biggest loss since the financial crisis in 2008, the result of a 1.6 billion Swiss franc ($1.78 billion) fine from U.S. authorities for helping its clients evade taxes. | Video

Search Stocks