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Stock Market & Financial Investment News

News Breaks
February 11, 2014
06:21 EDTBCSBarclays to cut up to 12,000 jobs this year, BBC News reports
Barclays will cut up to 12,000 jobs this year in a move to cut costs, BBC News reports. Between 10,000 and 12,000 jobs will be cut this year, including 7,000 in the U.K. Barclays also announced that it has increased the total bonus pool for 2013 by 10% to GBP2.38B, up from GBP2.17B in 2012. 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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