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Stock Market & Financial Investment News

News Breaks
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.
News For BCS From The Last 14 Days
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May 1, 2015
10:00 EDTBCSOn The Fly: Analyst Downgrade Summary
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05:33 EDTBCSBarclays downgraded to Sell from Hold at Berenberg
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April 30, 2015
06:25 EDTBCSEuro zone bank loans rose in March, NY Times says
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April 29, 2015
17:46 EDTBCSBarclays pursues sale of Americas wealth management unit, FOX Business says
Barclays is pursuing a sale of its Americas wealth management unit, says FOX Business, citing reports from within the company. A spokesperson for the company said, "We are always evaluating strategic options for our businesses... If any firm decisions are made, we will provide an update in Q2." The unit is separate from Barclays' global wealth management business, which is not part of the potential sale. Reference Link
05:36 EDTBCSBarclays taken further provisions of GBP 800M in Q1, primarily relating to ForEx
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05:34 EDTBCSBarclays reports Q1 adjusted profit GBP 1.85B vs. GBP 1.69B last year
Reports fully loaded common equity tier 1 ratio 10.6% vs. 10.3% last quarter. Reports Q1 core income up 2% to GBP 6.42B. Reports Q1 total adjusted operating expenses down 7% to GBP 4.12B. Reports net tangible asset value per shape up 288p.
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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