US, Britain fine six top banks nearly $6 bn for forex, Libor abuses

Last Updated: Wednesday, May 20, 2015, 21:13

The far-flung settlement included guilty pleas from Barclays Bank, JPMorgan Chase, Citicorp and the Royal Bank of Scotland for conspiring to manipulate the massive currency market, as well as a guilty plea from Switzerland`s UBS, for violating a prior settlement of Libor charges.

Forex rigging settlements now seen next week

Last Updated: Tuesday, May 12, 2015, 23:41

Five major banks are expected to settle with US and British authorities next week for their role in rigging the foreign exchange market, a source told AFP Tuesday.

US Supreme Court hands win to Barclays over $4 bn in Lehman assets

Last Updated: Monday, May 4, 2015, 20:41

The US Supreme Court on Monday allowed Barclays Plc to claim about $4 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc`s brokerage unit at the height of the 2008 financial crisis.

Barclays launches 100 million pound fund for fast growth UK tech firms

Last Updated: Friday, May 1, 2015, 13:03

Barclays launched a new 100 million pound ($154 million) fund on Friday to lend cash to fast growing British technology firms who may not want to sell an equity stake.

Barclays bank warns forex charge could top £2 billion

Last Updated: Wednesday, April 29, 2015, 17:49

Scandal-hit bank Barclays warned Wednesday that fines over its alleged role in foreign exchange market rigging could top £2.0 billion ($3.1 billion, 2.8 billion euros), after posting plunging first-quarter net profits.

Barclays bank Q1 profits halve, takes new forex charge

Last Updated: Wednesday, April 29, 2015, 14:20

Net profit or earnings after taxation sank 52 percent to £465 million in the three months to the end of March compared with a year earlier, Barclays said in a results statement.

Barclays takes extra $1.2 billion hit for potential forex settlements

Last Updated: Wednesday, April 29, 2015, 13:27

Barclays said it had now set aside 2.05 billion pounds ($3.2 billion) to cover any settlement, after the extra provision to reflect "developments with certain authorities" since it last reported in March.

Oil dips on high supply, prices set to remain volatile

Last Updated: Wednesday, April 29, 2015, 07:35

Oil prices dipped in early Asian trading on Wednesday as high production and stocks continued to undermine markets, and analysts said a rebound in prices this year remained fragile, with volatility set to persist.

Barclays raises crude oil price forecasts

Last Updated: Tuesday, April 28, 2015, 12:06

Barclays raised its 2015 and 2016 average crude price forecasts on Tuesday, citing geopolitical tensions, unplanned production outages and lower natural gas prices in the United States.

China gold demand to grow over 5 years, but at slower pace: Barclays

Last Updated: Friday, March 20, 2015, 17:26

China`s share of the global gold market will expand in the next five years as it will be one of the few countries witnessing demand growth, but at a slower pace, Barclays analysts said.

Forex reserves to scale pass $380 bn this year: Barclays

Last Updated: Thursday, March 12, 2015, 22:10

British brokerage Barclays has said it sees the Reserve Bank continuing to shore up the forex reserves, which have been hitting new highs for many months, to the tune of USD 50 billion to take the overall kitty to over USD 380 billion by December.

Barclays bank slides into annual net loss

Last Updated: Tuesday, March 3, 2015, 13:29

Barclays reported a loss after tax of £174 million ($268 million, 239 million euros) for 2014 compared with a net profit of £540 million the previous year.