Barclays fined US$15mln by US authorities over attempts to unmask whistleblower
The New York regulator said the bank had “shortcomings in governance, controls and corporate culture relating to Barclays’ whistleblowing function”.
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LON:BARC
Barclays is a global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management. It operates through branches, offices and subsidiaries in the United Kingdom and overseas.
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The New York regulator said the bank had “shortcomings in governance, controls and corporate culture relating to Barclays’ whistleblowing function”.
The Bank of England on Wednesday said all seven British banks and building societies passed could handle a 'disorderly Brexit'
In the 2018 scenario, UK GDP falls by 4.7%, the UK unemployment rate rises to 9.5%, UK residential property prices fall by 33% and UK commercial real estate prices fall by 40%
The UK's premier blue-chip index closed down around 12 points at 7,004
Morgan Stanley analysts expect the Bank of England to raise interest rates by 50bps in 2019 and another 75bps in 2020
Retailers are hoping customers spend enough over Black Friday, Cyber Monday and Christmas to boost sales after a difficult year
Barclays was the biggest contributor to dividends in the banking sector, while the quarter also saw the first declared increased from BP since 2014 in US dollar terms
“Lower interest rate hike expectations, coupled with the fear that a no-deal Brexit could bring chaos to trade, are raising worries over the performance of UK banks going forward,” said IG market analyst Joshua Mahony
CYBG canned the long-term deal with Jenkins's fintech start-up 10X Future Technologies following its £1.7bn takeover of Virgin Money in September
Sheborne Investors, Bramson’s vehicle, has a 5.4% stake in Barclays
“We must be one of the fastest growing banks in the UK right now," according to Des McDaid, managing director of Marcus.
All 48 lenders passed the European Banking Authority’s test that sought to identify any capital holes but Lloyds and Barclays were the unexpected laggards
FTSE 100 closed marginally higher but mid-cap cousin FTSE 250 plunged nearly ten points.
Nigel Higgins, who is deputy chairman of Rothschlid & Co., will take over as chairman when John McFarlane steps down after the bank’s annual meeting in May 2019
The FTSE 250 fared much better though, adding almost 154 points on the day to close at 19,325
Consumers are relatively cautious in their borrowing while lenders have become warier about advancing unsecured credit, according to EY Item Club's Howard Archer
“Focus is on how quickly RBS can return surplus capital; we now factor special dividends in addition to directed buybacks,” Barclays said
The SFO were pushing to reinstate the charges that alleged the bank conspired to commit fraud and the provision of unlawful financial assistance, connected to a deal with Qatar Holding and Challenger Universal in June and October 2008
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Aside from the oil majors, the slew of blue-chip updates due in the coming week will include global banks HSBC and Standard Chartered, and drugs firms GlaxoSmithKlne and Shire
At the close, the UK blue-chip index was down 64.54 points, or 0.9% at 6,939.56, albeit bouncing off the hefty session low of 6,851.59 having spent all day heavily in the red