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Barclays PLC (BARC.L)

BARC.L on London Stock Exchange

211.65GBp
26 May 2017
Change (% chg)

-2.40 (-1.12%)
Prev Close
214.05
Open
213.50
Day's High
213.75
Day's Low
209.60
Volume
32,508,938
Avg. Vol
46,929,764
52-wk High
244.40
52-wk Low
121.10

Latest Key Developments (Source: Significant Developments)

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

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

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Steven Peikin expected to be named co-chief of SEC enforcement: source

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