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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 21, 2015
06:01 EDTBCSTeva bid for Mylan could come today, Bloomberg reports
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April 20, 2015
19:32 EDTBCSU.S. pressures JPMorgan, Citi, others to settle forex case by mid-May, FT says
The U.S. Department of Justice is pressuring JPMorgan (JPM), Barclays (BCS), Citi (C), Royal Bank of Scotland (RBS), and UBS (UBS) to reach a settlement by mid-May regarding alleged foreign exchange manipulation, reports the Financial Times, citing people familiar with the situation. The Financial Times notes that the settlement could see some of the banks paying roughly $1B. Sources say that the Department is demanding guilty pleas from "most" of the banks. Reference Link
08:32 EDTBCSBofA/Merrill European strategists hold an analyst/industry conference call
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April 15, 2015
06:41 EDTBCSECB authorizes new emergency funding for Greek banks, Reuters reports
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