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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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March 27, 2015
09:37 EDTBCSGoldman Sachs overtakes JPMorgan in commodities rankings, Reuters says
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06:08 EDTBCSJiayuan.com engages financial advisor, legal counsel to evaluate proposal letter
Jiayuan.com (DATE) announced that the special committee of the company's board has retained Barclays Bank (BCS) as its financial advisor and Davis Polk & Wardwell as its legal counsel in connection with its review and evaluation of the non-binding proposal letter, dated March 3, from Vast Profit Holdings that proposes a "going-private" transaction involving the acquisition of all of the outstanding ordinary shares of the company not already owned by Vast Profit. Paul Hastings LLP is acting as the company's legal counsel. The board cautions the company's shareholders and others considering trading in the company's securities that no decisions have been made by the Special Committee with respect to the company's response to the proposal and there can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated.
March 25, 2015
18:16 EDTBCSSFX Entertainment CEO Sillerman engages Barclays Capital, Jefferies
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March 18, 2015
07:27 EDTBCSFreeport seeks funding from Blackstone, Apollo, Reuters says
Freeport McMoRan (FCX) has hired Goldman Sachs (GS) and Barclays (BCS) to find private equity firms willing to finance certain of its energy projects and asset developments, reports Reuters, citing people familiar with the matter. Freeport is in talks with Blackstone (BX), Apollo (APO), and Warburg Pincus about a potential partnership. The sources say the firm may be seeking "several billion dollars," though discussions are in "very early" stages. Reference Link
07:20 EDTBCSU.S. considers 'tearing up' non-prosecution deals with banks, Bloomberg says
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March 17, 2015
14:37 EDTBCSCiti, Barclays near $800M settelement of forex suit, WSJ says
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March 16, 2015
14:08 EDTBCSEU regulator says time for fine-tuning, Reuters says
The Basel Committee on Banking Supervision believes the necessary bank regulatory framework is in place though some additional work must be done to finalize leverage ratio and capital floor rules, Reuters reported yesterday, citing statements by secretary-general William Coen at a financial conference in Doha. Coen added, "We're now at the state where we can take a step back and look to see how [the regulations] fit together," cautioning that further analysis must be data-driven but admitting that both banks and regulatory bodies were feeling "regulation fatigue." Publicly traded companies in the space include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link

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