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Stock Market & Financial Investment News

News Breaks
February 11, 2013
09:19 EDTBCSBarclays accused of misleading on source of investment, Telegraph says
In a report scheduled to be broadcast on Monday evening, the BBC's Panorama accuses Barclays (BCS) of obscuring the true source of a GBP3B investment it received during the global financial crisis, reported The Telegraph. The investment, which was widely thought to come from Manchester City owner Sheikh Mansour, actually came from Abu Dhabi's government, the report claims. Reference Link
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April 24, 2014
06:46 EDTBCSGoldman supports case for commodity holdings as competitors cut, Bloomberg says
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April 22, 2014
10:35 EDTBCSBarclays to exit 'majority' of commodities business, Bloomberg reports
Barclays confirmed plans to exit most of its commodities businesses, though it will continue to trade in precious metals, financial oil, U.S. financial gas and index products, reported Bloomberg, citing an e-mailed statement from the company."This decision is in line with Barclays's stated objective to actively evaluate and manage our businesses, ensuring they meet strict economic and strategic criteria within the new regulatory environment," the bank stated, adding that it sees no material impact to its financial results from the reduction.
08:00 EDTBCSBoE to simulate cyber attacks on banks, FT reports
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07:24 EDTBCSSourceMedia to hold a forum
26th Annual Card Forum & Expo is being held in Orlando on April 22-25.
06:28 EDTBCSBarclays to exit parts of commodities business, NY Times says
British bank Barclays plans to announce later today that it will "get out of large parts of its commodities business," according to The New York Times, which cited an unnamed source. The bank intends to eliminate some jobs, the newspaper added. Reference Link
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."

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