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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.
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August 27, 2015
07:57 EDTBCSPlatts to hold a conference
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06:13 EDTBCSJudge throws out HFT suit against Barclays, exchanges, FT reports
A U.S. judge has dismissed investor lawsuits against Barclays and certain U.S. exchanges alleging that the bank rigged its "dark pool" trading venue in favor of high-frequency traders, the Financial Times reports. The judge ruled that the plaintiffs did not claim any actions meeting the definition of "manipulative acts," the report says. Reference Link
August 18, 2015
06:45 EDTBCSNine banks agree to $2B settlement for currency market rigging, FT says
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