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Stock Market & Financial Investment News

News Breaks
January 14, 2013
10:27 EDTBCSBarclays seen cutting investment banking pay by up to 20%, Reuters reports
According to people familiar with the matter, Barclays (BCS) could cut total pay for investment bankers by up to 20% for 2012 as the bank looks to cut high costs, Reuters reports. The bank is currently finalizing bonuses for 2012 and overall compensation for investment bankers could be down 10%-20% on average. Reference Link
News For BCS From The Last 14 Days
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August 29, 2014
06:53 EDTBCSBarclays loans $275M to finance Detroit bankruptcy, WSJ says
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August 28, 2014
06:35 EDTBCSEuro zone credit crunch showing signs of improving, Reuters says
Loans to the private sector by euro zone banks dropped 1.6% in July versus the same period a year earlier, compared with a year-over-year decline of 1.8% in June, according to Reuters. Meanwhile, the bloc's M3 money supply increased at a 1.8% annual rate in July, versus 1.6% in June, the news service added. The upturn in the data comes after the European Central Bank started charging banks in June to keep their deposits overnight, Reuters added. Publicly traded euro zone banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
August 20, 2014
17:14 EDTBCSBarclays settles Thornburg Mortgage lawsuit, WSJ says
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