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Stock Market & Financial Investment News

News Breaks
November 12, 2012
06:55 EDTBCSBarclays investigated by U.S. prosecutors for Saudi license, Daily Mail says
A report last night explained that amidst claims that improper payments were made to secure a banking license in Saudi Arabia, Barclays (BCS) is being investigated by U.S. investigators for violation of the Foreign Corrupt Practices Act, according to Daily Mail.Reference Link
News For BCS From The Last 14 Days
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May 16, 2013
12:32 EDTBCSEU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link
May 14, 2013
05:44 EDTBCSBanks work deals from both sides of the field, WSJ reports
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May 13, 2013
18:06 EDTBCSBarclays gets shareholder lawsuit over Libor thrown out, Reuters says
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06:49 EDTBCSECB member says negative deposit rates would help economy, Reuters says
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May 7, 2013
12:38 EDTBCSCitigroup sues Barclays over Lehman losses, Reuters says
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06:01 EDTBCSAntero Resources, controlled by Warburg Pincus, plans IPO, Reuters reports
Denver-based Oil and gas company Antero Resources, controlled by Warburg Pincus LLC, is preparing for an IPO that could value it at as much as $10B, sources say, reports Reuters. Antero hired Barclays (BCS), JP Morgan Chase (JPM) and Citigroup (C) to lead the deal, sources added. Reference Link

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