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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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April 15, 2014
07:11 EDTBCSBarclays still deciding what to do with investment bank, WSJ reports
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06:58 EDTBCSBarclays appoints Gillies as non-executive director
Barclays announced that Crawford Gillies has been appointed as a non-executive director of Barclays and will become a member of the board remuneration committee with effect from May 1. The company said, "It is intended that Crawford Gillies will succeed Sir John Sunderland as chairman of the board remuneration committee at a date to be agreed, consistent with ensuring a smooth transition."
April 9, 2014
07:23 EDTBCSBarclays relocates more suburban Singapore staff to city, Bloomberg says
Barclays is relocating more employees to an office in Singapore’s central business district from the suburbs to reduce expenses, according to Bloomberg, citing people familiar with the matter. Reference Link
April 7, 2014
13:43 EDTBCSBarclays reaches settlement with U.K. care home operator, Reuters says
Barclays reached a settlement with U.K. care home operator, Guardian Care Homes, that accused it of mis-selling products connected to benchmark interest rates just weeks prior to the beginning of a possibly embarrassing court case for the company, according to Reuters, citing a Barclays spokesman. Reference Link

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