476 Stories, most recent news story added 9 minutes ago
The trustee in charge of liquidating Lehman Brothers Holdings Inc's brokerage business won court approval on Thursday to transfer about $1.6 billion to $1.7 billion of customer property to new accounts at Barclays Plc .
Dec. 10 (Bloomberg) -- The U.K.’s Financial Services Authority told creditors of Lehman Brothers Holdings Inc. it can’t legally assist in their investigation of the purchase of the bank’s brokerage by Barclays Plc , according to a letter obtained by Bloomberg News.
RBS, the largest state-controlled U.K. lender, Lloyds and Barclays Plc gained more than 3 percent. DS Smith Plc surged 13 percent after saying it will likely exceed its fiscal full-year expectations.
Dec. 10 (Bloomberg) -- Barclays Plc’s Indian unit was ordered to stop selling or trading offshore derivatives by the country’s capital markets regulator, which accused the U.K. bank of providing incorrect and false information.
Dec. 10 (Bloomberg) -- Barclays Plc’s Indian unit was ordered to stop selling or trading offshore derivatives by the country’s capital markets regulator.
Dec. 10 (Bloomberg) -- Barclays Plc’s Indian unit was ordered to stop issuing or trading offshore derivates by the South Asian nation’s capital markets regulator.
Dec. 10 (Bloomberg) -- Barclays Plc’s Indian unit said it is cooperating with the South Asian nation’s market regulator in an investigation on offshore derivative instruments issued by the bank.
PARIS, Dec 10 (Reuters) - The risk of stifling an economic recovery is greater than that of a fresh systemic crisis, Barclays PLC Chairman Marcus Agius told Les Echos in an interview released ahead of publication on Friday. There will not be an economic recovery if the ability of banks to take risks is compromised, he told the French business daily. The G20 group of leading economies is more ...
Dec. 9 (Bloomberg) -- Absa Capital , the investment banking unit of Barclays Plc’s Absa Group Ltd. , is hiring bankers from Citigroup Inc., Credit Suisse AG and Merrill Lynch & Co. as it builds an equities trading business to expand its services.
Dec. 9 (Bloomberg) -- Barclays Plc , sued three times last month over an alleged “secret” $5 billion windfall profit from its purchase of Lehman Brothers Holdings Inc.
Dec. 8 (Bloomberg) -- Telemar Norte Leste SA and Vivo Participacoes SA fell the most in five weeks after Barclays Plc reiterated a “negative view” on Brazil’s telephone industry as competition increases and profitability remains “poor.”
Dec. 8 (Bloomberg) -- Telemar Norte Leste SA and Vivo Participacoes SA led a drop in Brazilian telephone stocks after Barclays Plc reiterated a “negative view” on the industry as competition increases and profitability remains “poor.”
Dec. 8 (Bloomberg) -- Vivo Participacoes SA and other Brazilian phone companies are trading at “hard to justify” valuations as competition is poised to increase and profitability remains “poor,” Barclays Plc said.
Dec. 8 (Bloomberg) -- Barclays Plc President Robert Diamond said plans to impose a windfall tax on bankers’ bonuses are unwarranted, and that the U.K. risks regulatory missteps that would put London at a competitive disadvantage.
Dec. 8 (Bloomberg) -- Creditors of bankrupt Lehman Brothers Holdings Inc. objected to Barclays Plc ’s request for sale- related documents, saying the bank isn’t entitled to confidential communications between creditors and their lawyers.
Dec. 11 (Bloomberg) -- The bankers no doubt saw it coming. They’ve been lectured, harassed and demonized all through the past year over their role in plunging the world into the deepest recession of the last half-century.
