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Stock Market & Financial Investment News

News Breaks
May 8, 2014
05:39 EDTBCSBarclays increases 2014 headcount reduction to 14,000
Barclays said it will be "repositioned, simplified and rebalanced to improve returns significantly." Its four core businesses will be Personal and Corporate Banking, Barclaycard, Africa Banking and Investment Bank. Barclays also announced the creation of Barclays Non–Core. The unit "groups together those assets which do not fit the strategic objectives or returns criteria underlying the Strategy Review." Personal and Corporate Banking, Barclaycard and Africa Banking account for the majority of the Group’s RWAs in core Barclays. Plans for the Investment Bank will result in gross headcount reductions of around 7,000 by 2016 across core and non-core. The overall 2014 Group gross headcount reduction has been increased to 14,000.
News For BCS From The Last 14 Days
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February 8, 2016
06:37 EDTBCSAnalysts say Barclays should sell U.S. investment bank, Telegraph reports
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February 5, 2016
10:10 EDTBCSU.K. appoints Barclays to run sale of remaining Lloyds stake, Bloomberg says
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February 2, 2016
05:40 EDTBCSOaktree-backed AdvancePierre picks Barclays for IPO, Bloomberg reports
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February 1, 2016
12:26 EDTBCSNY AG, SEC to take further actions in dark pool investigations, Bloomberg says
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10:09 EDTBCSBarclays, Credit Suisse to pay over $150M to settle dark pool claims
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07:31 EDTBCSBarclays among potential buyers of TD Direct, Sky reports
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January 31, 2016
15:40 EDTBCSBarclays to exit precious metals sector, Platts says
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15:37 EDTBCSBarclays, Credit Suisse to pay $154M to settle dark pool claims, Bloomberg says
Barclays (BCS) and Credit Suisse (CS) are expected to reach a $154.3M settlement Monday with New York and the SEC over allegations that they didn't give clients accurate information regarding their dark pool trading, reports Bloomberg, citing a source. Barclays will pay $70M while Credit Suisse will pay $84.3M, noted Bloomberg. Reference Link
January 29, 2016
13:02 EDTBCSBarclays names Venkatakrishnan chief risk officer
Barclays (BCS) has named C.S. Venkatakrishnan as Chief Risk Officer. Venkatakrishnan joins Barclays from JP Morgan Chase (JPM) where he has been the Head of Model Risk and Development since 2012 and Head of Operational Risk since September 2013. He will join the Executive Committee of Barclays and report directly to the group CEO Jes Staley. Once Mr Venkatakrishnan assumes his new role, current Chief Risk Officer Robert Le Blanc will become Vice Chair of Risk and Strategy, reporting to Staley. Reference Link

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