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Stock Market & Financial Investment News

News Breaks
January 28, 2014
10:24 EDTRBS, LYG, BCSBarclays may cut several hundred investment banking jobs, WSJ reports
Barclays (BCS) is said to be planning to cut several hundred jobs in its investment banking unit, a source tells the Wall Street Journal. Lloyds (LYG) recently said it would cut about 1,000 jobs and analysts believe Royal Bank of Scotland (RBS) will outline "serious" job cuts in February. Reference Link
News For BCS;LYG;RBS From The Last 14 Days
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July 23, 2015
10:00 EDTBCSBarclays in talks to sell Portuguese banking unit, Bloomberg reports
Barclays is in advanced discussions with a Spanish bidder to sell its Portuguese banking unit, Bloomberg reports, citing people with knowledge of the plan. The sale would exclude Barclays' Portuguese credit-card business, the report says. Interested parties may include Bankinter, the report says. Reference Link
08:37 EDTBCSBarclays announces strategic partnership with Elkhorn Capital
Barclays announced a strategic partnership with Illinois-based investment firm Elkhorn Capital Group. The partnership is designed to extend Barclays’ product availability by bringing together its extensive experience in creating distinctive investment concepts with Elkhorn’s independent product expertise. The partnership will allow Barclays and Elkhorn to collaborate in offering clients access to additional products based on Barclays’ strategies.
July 22, 2015
19:14 EDTLYGJudge says Lloyds must release records in HBOS case, Reuters reports
London's High Court of Justice has ruled that Lloyds must disclose any legal advice it received prior to its acquisition of Halifax Bank of Scotland, as part of a GBP350M lawsuit brought by a group of Lloyds investors, Reuters reported earlier. The lawsuit alleges that Lloyds failed to disclose details of financial vulnerability at HBOS prior to seeking shareholder approval, said the report. Reference Link
18:18 EDTRBSRBS hires advisers to investigate treatment of small businesses, Reuters says
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06:15 EDTBCSBarclays close to SFO settlement over Qatar bribes, Daily Mail reports
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July 21, 2015
06:08 EDTBCS, LYG, RBSU.K. watchdog visited Barclays 186 times in 2014, Bloomberg reports
The FCA's supervisory team made 186 visits to Barclays (BCS) in 2014, more than any other British bank that year, Bloomberg reports. HSBC (HSBC) was next highest with 85 visits, with RBS (RBS) and Lloyds (LYG) following with 65 and 58 encounters, respectively, the report says. Reference Link
July 20, 2015
06:24 EDTBCSBarclays has no new target for layoffs, Reuters reports
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July 19, 2015
17:32 EDTBCSBarclays to cut 30,000 jobs in two years, The Times says
Barclays plan to cut 30,000 jobs within two years as it considers accelerating its cost-cutting program, reports The Times, citing senior sources. Reference Link
July 16, 2015
18:37 EDTBCSFINRA fines Barclays $800,000 over data reporting errors, Reuters says
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July 15, 2015
07:44 EDTBCSBarclays' Rake to step down from board to join WorldPay, Bloomberg reports
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