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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
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Share Price: 208.90
Bid: 209.35
Ask: 209.45
Change: -0.85 (-0.41%)
Spread: 0.10 (0.048%)
Open: 210.15
High: 211.85
Low: 208.80
Prev. Close: 209.75
BARC Live PriceLast checked at -

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U.S. regulators release biggest banks' second set of 'living wills'

Thu, 03rd Oct 2013 13:56

WASHINGTON, Oct 3 (Reuters) - U.S. bank regulators onThursday released portions of the biggest banks' updated "livingwills," or blueprints for how they could be wound down in acrisis.

The resolution plans are a key component of regulators'efforts to crack down on Wall Street after the 2007-2009financial crisis. The 2010 Dodd-Frank law called for banks tospell out how they could be taken apart as a way to preventfuture costly taxpayer bailouts.

The Federal Reserve and Federal Deposit Insurance Corp said11 of the biggest banks operating in the United States firstfiled their resolution plans in 2012 and were required to submitupdated versions by Oct. 1.

That group of banks with $250 billion or more in nonbankassets in the United States included Bank of America Corp, JPMorgan Chase & Co, Deutsche Bank AG and Barclays Plc.

Under the rules, banks turn in both a public portion, whichis posted on the Fed's and FDIC's websites, and a confidentialsection that regulators scrutinize.

After finding some gaps in the planning last year,regulators asked banks to include more detailed information thistime about potential obstacles to bankruptcy.

They asked banks to consider how their funding andliquidity, global cooperation and interconnectedness couldaffect regulators' ability to unwind them during a financialcrisis.

A second group of banks, including Wells Fargo & Co and HSBC Holdings Plc, filed their first living willsin July.

The final group, banks with more than $50 billion but lessthan $100 billion in total U.S. assets, must turn plans in bythe end of the year, regulators said.

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8 Jun 2023 00:46

Barclays hit by more departures as Plaster, Hudson exit, sources say

NEW YORK, June 7 (Reuters) - Barclays banker John Plaster, who led the bank's power and utilities group in the Americas, has resigned to join Guggenheim Partners, people familiar with the matter said on Wednesday.

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7 Jun 2023 21:10

Barclays hit by further departures as Plaster, Hudson exit -sources

NEW YORK, June 7 (Reuters) - Barclays Plc banker John Plaster, who lead the bank's power and utilities group in the Americas, has resigned to join Guggenheim Partners, people familiar with the matter said on Wednesday.

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7 Jun 2023 15:17

Barclays studying options for payments business - report

(Sharecast News) - Barclays is reportedly studying options for its global payments activities as a part of broader review into how it allocates resources.

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5 Jun 2023 22:34

Top Barclays software banker to join Centerview -sources

NEW YORK, June 5 (Reuters) - Barclays Plc's global co-head of software investment banking Steven Markovich has resigned to join Centerview Partners, people familiar with the matter said on Monday, the latest blow to the British bank's efforts to retain U.S. dealmaking talent.

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5 Jun 2023 18:27

Microsoft-backed Rubrik hires banks for IPO -sources

NEW YORK, June 5 (Reuters) - Rubrik Inc, a U.S. cybersecurity software startup backed by Microsoft Corp and valued at $4 billion in a fundraising round two years ago, has hired banks for an initial public offering, four people familiar with the matter said.

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31 May 2023 12:02

LONDON MARKET MIDDAY: Stocks down on US debt vote nerves

(Alliance News) - Stock prices in London were down at midday Wednesday, ahead of a vote on the US debt ceiling bill.

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31 May 2023 09:21

LONDON BROKER RATINGS: Numis cuts 3i Group; HSBC likes JD Wetherspoon

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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31 May 2023 08:51

IN BRIEF: Barclays Bank UK CEO sells GBP860,000 in Barclays shares

Barclays PLC - London-based bank - Matt Hammerstein, chief executive officer of Barclays Bank UK, sells 553,578 shares at GBP1.56, worth GBP862,530, on Friday last week. The sale was via Solium Capital UK Ltd as administrator of the Barclays nominee service.

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30 May 2023 13:30

German tax fraud mastermind handed further 8-year jail sentence

WIESBADEN, Germany, May 30 (Reuters) - Hanno Berger, a former tax inspector turned legal tax expert, was sentenced on Tuesday to eight years and three months in jail by a court in Wiesbaden, as the nation comes to terms with one of its biggest post-war frauds.

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30 May 2023 13:16

German tax fraud mastermind handed further 8-year jail sentence

WIESBADEN, Germany, May 30 (Reuters) - Hanno Berger, a former tax inspector turned legal tax expert, was sentenced on Tuesday to eight years and three months in jail by a court in Wiesbaden, as the nation comes to terms with one of its biggest post-war frauds.

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29 May 2023 15:33

Turkey stocks rally, lira slips to record low after Erdogan victory

LONDON, May 29 (Reuters) - Turkish President Tayyip Erdogan won re-election in a runoff vote, extending his rule into a third decade. The nation is grappling with a cost of living crisis, a plunging currency and depleted foreign reserves.

MARKET REACTION:

LIRA: The Turkish currency touched a fresh record low of 20.105 on Monday. It has fallen more than 7% since the start of the year, and lost more than 90% of its value over the past decade.

DEBT: Turkey's international bonds were mixed, with the 2030 issue gaining 0.5 cents while other maturities eased 0.2 cents. Five-year credit default swaps were hovering at Friday's closing level.

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25 May 2023 09:56

UK watchdog proposes requiring banks to help struggling customers

LONDON, May 25 (Reuters) - Banks and building societies would be required to help customers struggling to repay their mortgages and loans as interest rate rise in a cost-of-living crisis, Britain's financial watchdog said in proposals to make COVID-era temporary rules permanent.

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24 May 2023 18:20

JPMorgan can sue former executive Staley over Epstein ties -US judge

NEW YORK, May 24 (Reuters) - JPMorgan Chase & Co may move forward with its lawsuit seeking to hold former executive Jes Staley liable for concealing what he knew about the disgraced financier Jeffrey Epstein, a U.S. judge ruled on Wednesday.

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24 May 2023 17:17

JPMorgan can sue former executive Staley over Epstein ties--US judge

NEW YORK, May 24 (Reuters) - A U.S. judge on Wednesday rejected former JPMorgan Chase & Co executive Jes Staley's bid to dismiss the bank's lawsuit claiming he concealed what he knew about Jeffrey Epstein and should cover its losses if it were found liable for serving the disgraced financier. (Reporting by Jonathan Stempel in New York)

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23 May 2023 16:22

Barclays hires McDavid as equities head from Morgan Stanley

LONDON, May 23 (Reuters) - Barclays has appointed a Morgan Stanley veteran Scott McDavid as its new global head of equities, the British bank said on Tuesday, the latest in a series of high-profile hires at its investment bank in New York.

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