- Reuters•3 hours ago
Britain has sidelined the minister responsible for financial services from addressing the impact on the sector of leaving the EU, a shakeup that a senior bank executive called a "vote of no confidence" in the industry's main government contact. Lucy Neville-Rolfe, commercial secretary at the Treasury, has had Brexit's impact on financial services added to her official portfolio, the Treasury said on Wednesday, confirming a change that had been made without fanfare several weeks ago.
- Financial Times•yesterday
Barclays' finance director has sought to allay analysts' fears that a likely £1.25bn contribution to its main pension scheme later this year could delay a potential rebuilding of the bank's shrunken dividend. ...
Two former Barclays traders showed scant regard for honesty and integrity when they conspired to rig global Libor interest rates, a lawyer for the UK Serious Fraud Office (SFO) told a London jury trial on Tuesday. Greek national Stylianos Contogoulas and Ryan Reich, an American, deny one count of dishonestly skewing Libor, a benchmark for interest rates on about $450 trillion of financial contracts and loans worldwide, to boost profits and defraud others between June 2005 and September 2007. Emma Deacon, prosecuting for the SFO, said the men "essentially cheated" others when they schemed with London-based Libor submitters, responsible for sending the bank's daily cost of borrowing estimates to a Libor administrator, to try to nudge dollar Libor rates to bolster their trading positions.
BARC.L : Summary for BARCLAYS PLC ORD 25P - Yahoo Finance
Barclays PLC (BARC.L)
LSE - LSE Delayed Price. Currency in GBp
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|Bid||228.00 x 423300|
|Ask||234.85 x 350000|
|Day's Range||224.58 - 233.40|
|52 Week Range||121.10 - 267.32|
|PE Ratio (TTM)||-5,416.28|
|Dividend & Yield||0.09 (3.38%)|
|1y Target Est||N/A|