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Stock Market & Financial Investment News

News Breaks
February 3, 2014
13:12 EDTBCSBarclays CEO declines annual bonus
n the question of his 2013 bonus arrangements Barclays Group CEO, Antony Jenkins, said: "2013 has been a year of considerable positive change for Barclays, and I am particularly proud of the progress we have made in starting to rebuild trust, in defining and implementing a common culture, in repositioning the business for the future, and in significantly improving our balance sheet. While all of these actions are in the long-term interests of our shareholders, I am aware of the very significant costs which have been required to address legacy litigation and conduct issues in 2013, as well as to exit assets and businesses we no longer wish to participate in. When combined with the substantial rights issue we completed in the autumn, I have concluded that it would not be right, in the circumstances, for me to accept a bonus for 2013, and I have therefore respectfully declined the one offered to me by the Board."
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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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