Menu
30/10/2014
Barclays Sets Aside £500m For Currency Rigging Fines
Barclays has set aside £500m to cover costs from investigations into suspected manipulation of the foreign exchange market.
The firm has also put aside an extra £170m for consumers who were wrongly sold PPI.
However, Barclays claimed it recorded a £460m gain to reflect "greater certainty around the recoverability of assets not yet received" from the bank's acquisition of Lehman Brothers.
Shares in Barclays also increased 2% in London.
(CD/JP)
The firm has also put aside an extra £170m for consumers who were wrongly sold PPI.
However, Barclays claimed it recorded a £460m gain to reflect "greater certainty around the recoverability of assets not yet received" from the bank's acquisition of Lehman Brothers.
Shares in Barclays also increased 2% in London.
(CD/JP)
Related UK National News Stories
Click here for the latest headlines.
16 July 2008
Co-op Agrees Somerfield Purchase
Supermarket chain The Co-operative Group has agreed to purchase rival chain Somerfield in a deal worth £1.57 billion. The deal will cement the Co-op Group's position as the fifth biggest food retailer in the UK.
Co-op Agrees Somerfield Purchase
Supermarket chain The Co-operative Group has agreed to purchase rival chain Somerfield in a deal worth £1.57 billion. The deal will cement the Co-op Group's position as the fifth biggest food retailer in the UK.
08 May 2014
Barclays To Axe 10,000 UK Jobs
Barclays is to cut approximately 20,000 job cuts by 2016. The firm said it is part of a new strategy. The number of job' reductions is bigger than the 10 to 12,000 the bank announced earlier this year. Around 14,000 cuts will be made during 2014.
Barclays To Axe 10,000 UK Jobs
Barclays is to cut approximately 20,000 job cuts by 2016. The firm said it is part of a new strategy. The number of job' reductions is bigger than the 10 to 12,000 the bank announced earlier this year. Around 14,000 cuts will be made during 2014.
03 August 2012
RBS Sets Aside £125m For Compensation
Royal Bank of Scotland (RBS) reserved £125m to pay compensation customers affected by the account crisis caused by computer system failure. Account holders at RBS, NatWest and Ulster Bank were unable to use their accounts as normal for weeks on end before the error was fixed last month.
RBS Sets Aside £125m For Compensation
Royal Bank of Scotland (RBS) reserved £125m to pay compensation customers affected by the account crisis caused by computer system failure. Account holders at RBS, NatWest and Ulster Bank were unable to use their accounts as normal for weeks on end before the error was fixed last month.
07 September 2010
Bob Diamond Appointed Barclays Chief Executive
Multi-millionaire banker Bob Diamond is to become the new Chief Executive of Barclays, it has been announced. Mr Diamond will take over from the current Chief Executive John Varley on March 31 next year. Mr Diamond is currently President of Barclays and Chief Executive of Corporate & investment Banking and Barclays Wealth.
Bob Diamond Appointed Barclays Chief Executive
Multi-millionaire banker Bob Diamond is to become the new Chief Executive of Barclays, it has been announced. Mr Diamond will take over from the current Chief Executive John Varley on March 31 next year. Mr Diamond is currently President of Barclays and Chief Executive of Corporate & investment Banking and Barclays Wealth.
03 July 2012
Barclays Boss Bob Diamond Resigns
Barclays chief executive Bob Diamond has stepped down with immediate effect. The move follows the bank receiving a £290m ($450m) record fine by US and UK regulators for attempting to rig Libor and Euribor, the interest rates at which banks lend to each other, which underpin trillions of pounds worth of financial transactions.
Barclays Boss Bob Diamond Resigns
Barclays chief executive Bob Diamond has stepped down with immediate effect. The move follows the bank receiving a £290m ($450m) record fine by US and UK regulators for attempting to rig Libor and Euribor, the interest rates at which banks lend to each other, which underpin trillions of pounds worth of financial transactions.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
