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Barclays

Barclays Yanked Into Money Laundering Investigation

Reuters | Christine Murray | Posted 06.03.2013 | Business

LONDON (Reuters) - Barclays has been dragged into an international money laundering investigation after U.S. prosecutors discovered that Arthur Budov...

Good Governance Requires Dimon to End Dual Roles at J. P. Morgan Chase

Frank Vogl | Posted 05.12.2013 | Business
Frank Vogl

Breaking up the biggest banks because they are perceived as "too big to fail" is unrealistic. What is needed, however, are improvements in the transparency and the accountability of governance in these institutions.

DOJ Launches Probe Against U.S. Barclays And Ties To Saudi Prince

The Financial Times | Kara Scannell | Posted 05.11.2013 | Business

A prominent member of the Saudi royal family is at the heart of a US criminal probe into whether Barclays made improper payments in the kingdom, with ...

Sir Paul Makes Big Announcement

The Huffington Post | Cavan Sieczkowski | Posted 04.18.2013 | Entertainment

A Beatle is heading to Brooklyn. Paul McCartney will play Brooklyn's Barclays Center this summer with shows scheduled for June 8 and 10 as part of...

Mark Gongloff

You Won't Believe This Banker's Name

HuffingtonPost.com | Mark Gongloff | Posted 04.18.2013 | Business

The coolest names in banking are disappearing one by one. And two of them have been from Barclays Capital: First was Bob Diamond, the richly named ...

Barclays Is Too Big To Fail, Or Manage

Mark Gongloff | Posted 06.03.2013 | Business
Mark Gongloff

A new report on how Barclays Capital ended up in its Libor mess is the latest evidence that banks that are too big to fail are also too big to manage.

Beyond the Pale: 'Too Big to Jail'

Leo W. Gerard | Posted 05.11.2013 | Business
Leo W. Gerard

Banks, after all, are nothing but corporations. Corporations are legal constructs that citizens have the right to rebuild to properly serve society. European countries began doing that last week.

Eleazar David Melendez

Banks Could Owe HOW MUCH For Housing Boom Fraud?

HuffingtonPost.com | Eleazar David Melendez | Posted 02.26.2013 | Business

A verdict delivered earlier this month by a prominent federal judge heightens the prospect that the nation’s largest financial institutions will be ...

9 Emails Wall Street Hoped You'd Never See

The Huffington Post | Caroline Fairchild | Posted 02.11.2013 | Business

It's 2013, and Wall Street still doesn't seem to understand that emails and privacy typically don't mix well. Last week, the Justice Department fi...

Bank Takes Big Loss To Get Its Act Together

Reuters | Posted 04.02.2013 | Business

* Beats capital goal, shares close to one year high * Q4 pretax loss 2.6 bln euros due to charges * Takes goodwill impai...

Hunter Stuart

Barclays Fires Woman After Son Diagnosed With Cancer

HuffingtonPost.com | Hunter Stuart | Posted 01.17.2013 | Business

NEW YORK -- A former Barclays employee who was fired from her job after her infant son was diagnosed with cancer -- a move that caused her to lose her...

Has Dell Found Its Buyer?

Reuters | Nadia Damouni and Poornima Gupta | Posted 01.15.2013 | Technology

Talks to take No. 3 computer maker Dell Inc private are in an advanced stage with at least four major banks lined up to provide financing, two sources...

A Christmas Carol for Bankers

Brandon L. Garrett | Posted 02.23.2013 | Business
Brandon L. Garrett

With the help of three ghosts, Scrooge finally reached redemption by learning to give to others. As events of the past two weeks have shown, modern bankers have their own ghosts to face: federal prosecutors.

UBS To Pay $1.5 Billion To Settle Libor Charges

Reuters | Katharina Bart and Tom Miles | Posted 02.17.2013 | Business

ZURICH Dec 19 (Reuters) - Swiss bank UBS was hit with a $1.5 billion bill and admitted to fraud on Wednesday in order to settle charges of manipulat...

Bank Admits Criminal Wrongdoing Over Libor

Reuters | Posted 02.13.2013 | Business

By Katharina Bart and Huw Jones ZURICH/LONDON, Dec 14 (Reuters) - UBS will admit to criminal wrongdoing by its Japanese arm, where one...

UBS Unit Reportedly Close To Guilty Plea In Libor Scandal

Dealbook | BEN PROTESS AND MARK SCOTT | Posted 12.13.2012 | Business

Federal prosecutors are close to securing a guilty plea from a UBS subsidiary at the center of a global investigation into interest rate manipulation,...

People Were Actually Arrested For Allegedly Participating In A Major Financial Scandal

Reuters | Posted 02.10.2013 | Business

* All three suspects released on bail * Former Citi/UBS trader Thomas Hayes among arrested-source * Other two are former...

Jay-Z & Coldplay To Play One-Night Concert

The Huffington Post | Madeline Boardman | Posted 11.11.2012 | Entertainment

Jay-Z and Coldplay will be collaborating again for a New Year's Eve show at Brooklyn's Barclays Center. "We're pleased to announce that, on Monday...

WATCH: Barclays Banker Threatens To Burn Someone's 'F**king House Down,' Gets Fired

The Huffington Post | Harry Bradford | Posted 11.09.2012 | Business

Being a banker can be a stressful gig, but that doesn't really give anyone the right to start tossing sheet metal at people. Olivier Desbarres, wa...

The Next Big 'Headwind'

Reuters | Posted 01.06.2013 | Business

* Result eases uncertainty about Fed, regulation * Stocks could struggle early, bonds rise By Rodrigo Campos and Steven ...

Banks Need a Culture Shock

Karen Egger | Posted 01.01.2013 | Business
Karen Egger

In the world of high finance, instilling a culture of integrity is not an easy sell, but it is a necessary one. As we have seen over the past years, too much is at stake.

This Scandal May Cost Barclays More Money Than Libor

Reuters | Posted 12.31.2012 | Business

* Potentially the largest penalty imposed by FERC * Commission granted extended powers after 2005 scandal ...

See You In Court, Barclays

Reuters | Posted 12.29.2012 | Business

* Guardian Care Homes says wrongly sold interest rate swaps * Judge rules Libor/mis-selling case must go to trial * Barc...

Foreclosure Victim Sues Big Banks Over Libor Manipulation

The Huffington Post | Bonnie Kavoussi | Posted 10.15.2012 | Business

The enormous Libor scandal may have found the face of its victims. Annie Bell Adams, a pensioner who lost her home to foreclosure, and four other ...

An Elegy for Brooklyn, in the Shadow of Barclays

Jay Michaelson | Posted 12.02.2012 | New York
Jay Michaelson

Like most Brooklynites, I didn't break out the champagne when Jay-Z officially opened the Barclays Center arena. Quite the contrary: This odious monstrosity represents the death of a vibrant, diverse culture at the hands of a corporate monolith.