Barclays reaches $150M settlement with New York DFS in relation to Forex investigation LeapRate

November 18, 2015 BY Maria Nikolova

Barclays reaches $150M settlement with New York DFS in relation to Forex investigation

Barclays PLC (LON:BARC) has just announced that it has reached a settlement with the New York State Department of Financial Services (DFS) in respect of the regulator's investigation into the bank's electronic trading of foreign exchange (FX) and FX electronic trading systems. The probe concerns a five-year period – from 2009 to 2014. The New…

November 13, 2015 BY Maria Nikolova

UK's SFO charges 10 individuals at Barclays, Deutsche Bank with EURIBOR manipulation

The UK's Serious Fraud Office (SFO) today issued the first criminal proceedings related to EURIBOR manipulation against 10 individuals working at Barclays PLC (LON:BARC) and Deutsche Bank AG (FRA:DBK) The individuals, 6 of whom are employees of Deutsche Bank, and 4 are employees of Barclays Bank, will be charged with conspiracy to defraud in connection…

November 05, 2015 BY Maria Nikolova

Jes Staley purchases 2.79 million shares in Barclays

Barclays PLC (LON:BARC) has earlier today announced that its CEO designate James (Jes) Staley has bought into the company. Via a transaction that took place on November 4, 2015, Jes Staley purchased 2,790,000 ordinary shares in the company. The nominal value per share is 25 pence. The average market price of the Shares was £2.3300 per…

October 28, 2015 BY Maria Nikolova

Barclays appoints James E. Staley as Group Chief Executive

Barclays PLC (LON:BARC) has earlier today announced the appointment of James E. Staley (Jes Staley) as Group Chief Executive Officer. The move was touted in media earlier this month, with the bank noting back then that the search process for a new CEO had not concluded yet. Today's announcement makes it all official - Mr Staley…

October 23, 2015 BY Maria Nikolova

Barclays, RBS, HSBC agree to pay $924M for Forex manipulation in the US

The bill over FX market manipulation keeps growing for big investment giants, with three of the UK's biggest banks - Barclays PLC (LON:BARC), HSBC Holdings plc (LON:HSBA), and Royal Bank of Scotland Group plc (LON:RBS), agreeing on Thursday to pay a total compensation of £600 million ($924 million) to victims of Forex manipulation in the…

July 08, 2015 BY Andrew Saks-McLeod

Barclays CEO Anthony Jenkins clears his desk for the last time after dispute with the board

CEO Anthony Jenkins has been fired by Barclays following a dispute with the board of directors. Deputy Chairman Sir Michael Rake said "a new set of skills" was required at the head of the group

June 17, 2015 BY Andrew Saks-McLeod

Settlements of civil litigation by banks over FX rigging nears $2 billion - WSJ

HSBC, Barclays, BNP Paribas and Goldman Sachs have signed agreements to settle civil litigation relating to FX rate manipulation, bringing the total to almost $2 billion

June 09, 2015 BY Maria Nikolova

SunGard launches post-trade derivatives utility, signs up Barclays as anchor customer

To head the new utility, SunGard has hired Andrew Whyte, formerly of Goldman Sachs.

May 26, 2015 BY Andrew Saks-McLeod

Up go the fines, down goes the revenue. The reverse economics of the FCA

The combined penalties issued to Barclays and Deutsche Bank, at £511 million, make up the lion’s share of the £696.6 million total for the year to date, representing nearly half of the £1.4 billion reaped last year, however the FCA considers it very unlikely that it will be able to match that in the second half of the year

May 26, 2015 BY Andrew Saks-McLeod

Underpaid by $83 million? Senior Barclays trader Jonathan Hoffman thinks so

When senior trader Jonathan Hoffman joined Barclays after the collapse of Lehman Brothers left him with $83 million in unpaid bonuses, Barclays voluntarily gave him the money as part of his employment offer - Now Mr. Hoffman is going after the Lehman estate for a further $83 million

Tag: Barclays PLC (LON:BARC)