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Barclay's Bank

Big Job Cuts Coming

Reuters | Posted 04.13.2014 | Business

* Bank says 10,000-12,000 jobs to go, including 7,000 in UK * Says 'competitive' market drove 10 pct bonus rise ...

More Bad News For This Big Bank

AP | JILL LAWLESS | Posted 01.23.2014 | Business

LONDON — LONDON (AP) — The BBC, the Financial Times and other outlets say Barclays bank has suspended six traders amid an investigation into w...

British Police Bust Suspected Cyber Theft Ring

AP | GREGORY KATZ | Posted 11.20.2013 | Business

LONDON — Eight men have been arrested on suspicion of stealing 1.3 million pounds ($2 million) from a Barclays bank branch by tapping into its c...

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...

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 ...

Banks Need a Culture Shock

Karen Egger | Posted 01.23.2014 | 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.

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.

Crime and Mayhem in the USA

Janet Tavakoli | Posted 10.01.2012 | Business
Janet Tavakoli

Despite widespread crime of various types across all classes of society, most Americans polled were comfortable trusting their own "moral compass." Let's see how we did with that in July.

Needed: Eliot Ness, Bank Regulator

Carla Seaquist | Posted 09.23.2012 | Business
Carla Seaquist

Where is Eliot Ness, the incorruptible U.S. Treasury agent who went after Al Capone, when we need him? Had regulators of the Eliot Ness mold been on duty, two major banking scandals still unfolding might never have happened.

Break Up the Big Banks and Hold Their Managers Accountable for Their Misdeeds

Allan Brawley | Posted 09.19.2012 | Money
Allan Brawley

The behavior of the largest banks is not only rapacious and destructive to the social fabric, it is also stunts economic growth. They are not investing the huge resources they have accumulated in ways that would stimulate the economy.

More Bad News For Barclays

Reuters | Posted 09.03.2012 | Business

(Corrects to show change referred to Barclays standalone rating not debt rating) * Moody's cuts outlook on C-/baa2 to negative from st...

Financial Journalism: 'Sometimes Being Responsible Means Pissing People Off'

Janet Tavakoli | Posted 09.02.2012 | Business
Janet Tavakoli

Last week, Gillian Tett of the Financial Times wrote how five years previously, she and her fellow journalists were intimidated into backing off of a huge story about banks manipulating LIBOR.

Oil Price Skyrockets 9.36 Percent in Friday's Trading, Supply and Demand. Eh??

Raymond J. Learsy | Posted 09.01.2012 | Business
Raymond J. Learsy

If a bank can manipulate such a vast market, is it not conceivable that a national entity, whose economy is deeply tied to oil prices, might well attempt to bring about an analogous manipulation?

In London, Mitt Banks on the Wrong Horse

Michael Winship | Posted 08.31.2012 | Politics
Michael Winship

So, what do you get when you combine Mitt Romney, expensive horseflesh, fancy dinners and a financial scandal in the City of London?

Another Big Bank Slashes Its Bonus Pool

AP | Posted 02.10.2012 | Business

LONDON -- Barclays PLC revealed Friday that it is slashing its bonus pool after earnings at its investment banking division fell sharply and dented ov...

Brazil´s Biofuel Drama Goes Global

Eric Ehrmann | Posted 07.18.2011 | World
Eric Ehrmann

Brazil's biofuel drama is a reminder that solutions packaged in green wrappers fail to scale with billions facing starvation in the Americas, Africa and Asia.

The Other Special Relationship: The UAE and The UK

Sultan Sooud Al-Qassemi | Posted 05.25.2011 | World
Sultan Sooud Al-Qassemi

The relationship between the UAE and Britain manifested everyday and goes far beyond a single element. It is rooted in mutual respect. And it extends to issues of global security, culture and education.

Hedge Fund Manager Kills Himself To Avoid Ponzi Arrest

Mail Online | Posted 05.25.2011 | Business

A former hedge fund manager shot himself on a Spanish beach to avoid being arrested over an alleged £249million Ponzi scheme. Dieter Frerichs, a Ger...

How to Corner the Gold Market (Extra Edition)

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

First, let your greed overcome all regard for the stability of the global market, and overcome your aversion to illegal activities. Then say away from people like me, because I'd like to see you thrown in jail.

MTA Sells Naming Rights: Barclays Station In Brooklyn

nytimes.com | MICHAEL M. GRYNBAUM | Posted 05.25.2011 | New York

Over the last five years, the MTA has been trying eagerly to sell the rights to the names of subway stations. On Monday, they finally succeeded. After...

Bandaged Futures?

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Supposedly "managed futures" herald the dawn of an enlightened age for investments but what the heck are they and why are corn and interest rates being uttered in the same breath?

BlackRock Faces Off Against BNY Mellon For Biggest Money Manager

Bloomberg | Christopher Condon and Sree Vidya Bhaktavatsalam | Posted 05.25.2011 | Business

May 18 (Bloomberg) -- BlackRock Inc. and Bank of New York Mellon Corp. are competing to become the world's biggest money manager as stock markets show...

Explaining the Lehman Culture Clash

Vicky Ward | Posted 05.25.2011 | Business
Vicky Ward

"It just made us feel that in the end the Americans just looked after themselves and shafted us," one British executive at Lehman London told me. "All this talk of 'we are one bank' had amounted to nothing."

Judge says Lehman can sell units to Barclays

AP | VINNEE TONG | Posted 05.25.2011 | Business

NEW YORK — A bankruptcy judge decided early Saturday that Lehman Brothers can sell its investment banking and trading businesses to Barclays, th...

Banks seen offering plan to restore confidence

AP | JOE BEL BRUNO and MARTIN CRUTSINGER | Posted 05.25.2011 | Business

NEW YORK — As the outlook for Lehman Brothers dimmed Sunday, U.S. and foreign banks were pressed to create a plan aimed at inoculating the globa...