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Barclays PLC latest news:
Barclays investment bank division pays women half as much as men
In a vivid illustration of the gender pay gap in the banking industry, the company says women on average are paid 48% as much as men.
Barclays takes £127m hit from Carillion collapse
The bank reveals how much the collapse of the outsourcing giant cost it, but its profits still rose.
Barclays reports rise in annual profits
The bank reports a 10% rise in profits helped by a stronger dollar and cost cuts.
United Tech to decide on breakup of businesses by end of 2018
Feb 21 (Reuters) - Aero parts maker United Technologies Corp
is exploring a breakup of its business portfolio,
including jet engines, elevators and air conditioners, Chief
Executive Greg Hayes said at the Barclays investor conference in
Miami on Wednesday.
Federal Reserve Board seeks to fine and bar Barclays banker over FX manipulation
The Federal Reserve Board is looking to fine and permanently bar former Barclays employee Peter Little over manipulation in the currency market. Little, the former head of Barclays' foreign exchange spot trading desk in New York, is "alleged to have engaged in unsafe and unsound practices by using electronic chat rooms to coordinate with traders and competitor banks to influence FX pricing benchmarks," the Fed said in a statement on Friday. Little is also being accused of failing to supervise his subordinates. The Fed is seeking to fine him $487,500 and bar him from working in the banking industry. This is the third time the central bank's board of governors has taken action against Barclays or its employees, following the barring of former FX traders Christopher Ashton and Michael Weston. The move to censure Little comes after domestic and U.K. regulators have slapped foreign-exchange traders at prominent banks with hefty fines over the past several years for allegedly using chat rooms to manipulate currency closing prices, or fixes, for everything from the U.S. dollar to the Japanese yen .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
U.S. first-quarter GDP forecasts cut after weak retail sales
Wall Street firms cut their forecasts for U.S. economic growth in the first quarter of 2018 after a disappointing decline in retail sales in January. Morgan Stanley chopped its estimate for gross domestic product to 2.9% from 3.3%. Barclays and IHS trimmed their GDP estimates to 2.3% from 2.5%. And Bank of America Merrill Lynch lowered its target to 2% from 2.3%. Sales at U.S. retailers fell 0.2% in January, the biggest drop in almost a year.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Barclays Bank charged over Qatar loans
The Serious Fraud Office adds to the pressure on Barclays over a rescue deal with Qatar in 2008.
Barclays in U.S. set to join cryptocurrency credit card ban -report
Barclays(BCS) is likely to follow other major lenders in the United States in stopping customers from buying Bitcoin and other cryptocurrencies with its credit cards, according to an interview with a senior executive at its credit card unit.
Short-volatility ETF plunges over 60% in after-hours trade
Shares of a popular exchange-traded fund designed to bet against volatility plunged in after-hours trading on Monday. The VelocityShares Daily Inverse VIX Short Term ETN (XIV) lost 62%, after getting crushed 14% in the regular session. Meanwhile, an exchange-traded fund designed to bet on volatility surged after-hours, as the Barclays Bank PLC iPath S&P 500 VIX Short-Term Futures ETN (VXX) leapt 32%.
The 'double-VIX' ETF is the most actively traded stock
The big and broad selloff in the stock market is sending the VelocityShares Daily 2X VIX Short-Term exchange-traded note soaring 30% on very heavy volume, and on track to close at a three-month high. Volume was 84.8 million shares in afternoon trade, more than four-times the full-day average and enough to make the ETN the most actively traded equity security on major U.S. exchanges, according to FactSet. The ETN is designed to deliver double the gain of the Barclays iPath S&P 500 VIX Short-Term Futures ETN , which is up 15%. The rally in the volatility measures comes as the Dow Jones Industrial Average tumbles 544 points in afternoon trade, after plunging 666 points on Friday.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Banks in Britain and U.S. ban Bitcoin buying with credit cards
* UK's Lloyds bans crypto purchases on credit cards. * Banks say ban protects customers from price falls. * Bitcoin falls 10 pct on regulatory concerns. * Barclays (BCS) and BBVA say no ban in place. By Lawrence White and Emma Rumney.
Ex-Barclays CEO Jenkins eyes stock market return
Antony Jenkins, the former chief executive of Barclays, is lining up a return to the stock market at the helm of Currencies Direct, the foreign exchange and international payments group.
GrubHub stock drops after Barclays cautions on valuation, competitive pressures
Shares of GrubHub Inc. fell 3.8% in Tuesday morning trading after analysts at Barclays downgraded the stock to underweight from equal weight. The analysts, led by Deepak Mathivanan, like GrubHub's prospects in the long run but worry about the stock's high valuation relative to internet peers and the "incremental competitive risks" brought upon by Uber Technologies Inc.'s and Amazon.com Inc.'s efforts in food delivery. GrubHub shares have performed better than the S&P 500 Index over the past three months, Mathivanan wrote. The stock now trades at 21 times estimates for 2019 earnings before interest, taxes, depreciation and amortization, making it more expensive on that metric than several other internet stocks that Mathivanan tracks. He also thinks that competitor UberEats has been growing nicely over the last year or two. GrubHub shares are up 75% over the past 12 months, with the S&P 500 up 24% in that time.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Goldman, Barclays Interested In Buying Commerzbank's ETF Unit- Handelsblatt
* GOLDMAN, BARCLAYS (BCS), SOCIÉTÉ GÉNÉRALE HAVE EXPRESSED INTEREST IN BUYING EQUITIES AND COMMODITIES DIVISION OF COMMERZBANK- HANDELSBLATT, CITING SOURCES Source text: http://bit.ly/2n8QwnI.
UK Stocks-Factors to watch on Jan. 22
Jan 22 (Reuters) - Britain's FTSE 100 index is seen opening 13
points lower at 7,717.6 on Monday, according to financial bookmakers.
* RIO TINTO: Rio Tinto , will set up a new office in the
Mongolian capital of Ulaanbaatar, separate from its Oyu Tolgoi mine division, to
focus on exploration and building local ties.
* BARCLAYS: U.S. hedge fund Tiger Global Management has invested more than
$1 billion in Britain's Barclays Plc , the Fi
U.S. hedge fund Tiger Global has invested more than $1 bln in Barclays - FT
U.S. hedge fund Tiger Global Management has invested more than $1 billion in Britain's Barclays Plc (BCS), the Financial Times reported on Sunday. The hedge fund had bought most of its about 2.5 percent stake in the UK-based bank in November, FT reported, citing a person familiar with the matter. http://on.ft.com/2G2ihqK.
PRESS DIGEST- Financial Times - Jan 18
The following are the top stories in the Financial Times. Headlines. Barclays (BCS) to cut 100 senior investment bank staff. Facebook (FB) agrees to expand Brexit investigation. Rolls-Royce (RYCEF) considers sale of commercial marine unit. Overview.
UPDATE 2-U.S. charges Barclays forex trader with fraud
* Second former forex head to be charged in U.S.
(Adds plea and bail from hearing, comment from Bogucki's
MOVES- Stifel Financial, Barclays, Julius Baer
The following financial services industry appointments were announced on Wednesday. BANK OF TOKYO-MITSUBISHI UFJ. The unit of Mitsubishi UFJ Financial Group Inc (MTU) has appointed Diana Coronel-Singson as head of global corporate banking for its Manila branch, Reuters IFR reported. BARCLAYS PLC.
Dow ends above 26,000 for first time as stocks rally broadly
U.S. stocks closed higher on Wednesday, with major indexes ending at records and the Dow closing above 26,000 for the first time as equities jumped in a broad advance. The Dow Jones Industrial Average rose 324 points, or 1.3%, to 26,117. The S&P 500 advanced 26 points, or 0.9%, to 2,803. The Nasdaq Composite Index closed up by 75 points, or 1%, to 7,298. All three closed at records. The day's gains were broad, with all 11 of the S&P 500's primary sectors ending higher, although technology shares were the biggest gainers of the day, up 1.5%. Positive sentiment was supported after the Beige Book from the Federal Reserve portrayed an economy that is steadily growing, although opinion on the latest tax reform was mixed. Among the day's most active movers, both Bank of America and Goldman Sachs fell after reporting their quarterly results. Bank of America lost 0.2% while Goldman lost 1.9%. On the upside, International Business Machines Corp. rose 2.8% after Barclays upgraded the stock to overweight from underweight.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Barclays to cut up to 100 senior jobs at its investment bank - source
Britain's Barclays (BCS) is axing up to 100 jobs at its investment bank, a source familiar with the matter said on Wednesday, following another set of disappointing results from the division in the third quarter.
Stocks open higher, Dow aims for new records
U.S. stock-market indexes opened slightly higher on Wednesday, hovering near record levels a day after Dow industrials saw their biggest one-day reversal in almost two years. Investors continued to focus on earnings releases, including results from Bank of America and Goldman Sachs. The S&P 500 gained 6 points, or 0.2%, to 2,782. The tech-heavy Nasdaq Composite index advanced by 19 points, or 0.2%, to 7,243. The Dow Jones Industrial Average rose 110 points, or 0.4%, to 25,908. Among the best performers on Wall Street, shares of IBM rose sharply, after analysts at Barclays upgraded the stock to overweight from underweight.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
British PM May tells bankers they are a priority for Brexit amid job warnings
* PM May met Goldman, HSBC (HSBC), UBS financiers. * Banks sense more sympathetic hearing on Brexit fears. * Barclays CEO says Britain's tax regime is uncompetitive. * London mayor says could face 'lost decade', 500,000 job losses. By Andrew MacAskill and Anjuli Davies.
Brexit: May to meet UK financial services chiefs
Barclays and Goldman Sachs meet the PM as the UK seeks a Brexit deal to include financial services.
Berkshire may get $37 billion book value boost from U.S. tax cuts: Barclays
(Reuters) - Berkshire Hathaway Inc , the conglomerate run by Warren Buffett, may see its book value grow by $37 billion because of U.S. tax law changes enacted by President Donald Trump, Barclays Capital analysts estimated on Monday.
MOVES-Marx Bowens joins Barclays' Macro as senior U.S. govt bond trader
Jan 3 (Reuters) - Macro, Barclays Plc's
foreign-exchange trading arm, on Wednesday named Marx Bowens as
a managing director and senior U.S. government bond trader in
Barclays proposes alternative Seadrill restructuring plan-court filing
OSLO (Reuters) - British bank Barclays Plc has submitted an alternative proposal to restructure Seadrill , the oil rig company said in a U.S. court filing.
Diamond eyes Tandem in UK retail bank return
An investment vehicle founded by the former Barclays chief Bob Diamond is weighing a deal that would catapult him back into the British retail banking sector after a five-year absence.
Snap stock jumps after analyst suggests says 'the worst is behind' it
Snap Inc. shares rallied 5.9% in Tuesday trading after analysts at Barclays upgraded the stock to overweight from equal weight. The firm is upbeat on Snap's decision to redesign its app and sort content in an algorithmic way, rather than in chronological order. The analysts noted that Twitter and Instagram "benefited greatly" from similar shifts. Barclays also expects the company to start meeting Wall Street's revenue expectations and post accelerating growth. "In short, we think the worst is behind Snap and the company is likely to get back on track in 2018," the analysts wrote. Snap shares have lost 15.5% of their value since the company's March IPO. The S&P 500 is up 11% in that time.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Barclays axes free Kaspersky product as a 'precaution'
The bank emailed 290,000 customers on Saturday following warnings about Russian security software.
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