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Stock Market & Financial Investment News

News Breaks
February 18, 2014
05:45 EDTBCS, IAPLYU.K. files charges against former Barclays bankers in Libor probe, WSJ reports
The U.K.'s Serious Fraud Office filed criminal charges against three former Barclays (BCS) bank traders for alleged fraud, reports the Wall Street Journal. The traders were charged with with conspiracy to defraud for their alleged roles rigging the London interbank offered rate, or Libor. The agency is likely to next file charges against three former ICAP (IAPLY) brokers for allegedly helping bank traders manipulate rates, sources say.Reference Link
News For BCS;IAPLY From The Last 14 Days
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August 31, 2015
06:35 EDTBCSCiti plans to rebuild equities franchise, Reuters reports
Citigroup (C) is planning to rebuild its equities franchise in an effort to capitalize on a retrenchment by rivals in the face of new rules created to make the financial system less risky, Reuters reports, citing people familiar with the bank's plans. It may be tough to overcome leaders such as Goldman Sachs (GS), Morgan Stanley (MS), and JPMorgan Chase (JPM), that have long dominated the sector, the report says. Citi is aiming to profit from a retreat of rivals slow to adapt new rules forcing banks to keep more capital, the report says. Deutsche Bank (DB), Credit Suisse (CS), and Barclays (BCS) are among others rebuilding their investment banking businesses, the report adds. Reference Link
06:10 EDTBCSBanks lobby EU over privacy rules overhaul, FT reports
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August 27, 2015
07:57 EDTBCSPlatts to hold a conference
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06:13 EDTBCSJudge throws out HFT suit against Barclays, exchanges, FT reports
A U.S. judge has dismissed investor lawsuits against Barclays and certain U.S. exchanges alleging that the bank rigged its "dark pool" trading venue in favor of high-frequency traders, the Financial Times reports. The judge ruled that the plaintiffs did not claim any actions meeting the definition of "manipulative acts," the report says. Reference Link
August 18, 2015
06:45 EDTBCSNine banks agree to $2B settlement for currency market rigging, FT says
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