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Stock Market & Financial Investment News

News Breaks
June 26, 2014
11:37 EDTBCSBarclays' dark pool said to be shunned by Bernstein and Voya, Bloomberg says
Barclays' dark pool may be shunned by firms from Sanford Bernstein & Co. and Voya Financial, reports Bloomberg. Citing people with knowledge of the matter, money managers are telling brokers not to send orders to Barclays LX venue after Attorney General Eric Schneiderman accused the trading venue of misleading clients about high-frequency trading. Reference Link
News For BCS From The Last 14 Days
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July 29, 2014
14:18 EDTBCSNY regulator seeks monitors in Deutsche Bank, Barclays, WSJ says
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06:58 EDTBCSInvestor sues Barclays regarding 'dark pool' trading, Reuters says
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July 28, 2014
06:55 EDTBCSBarclays may reval GBP30B reduction in "bad bank," London Times reports
Barclays may reveal on Wednesday with its earnings report that it has reduced the size of its "bad bank" by as much as GBP30B, the London Times reports. Barclays previously said it looked to slash the size of the unit to about GBP80B by the end of the year. Reference Link
July 25, 2014
06:40 EDTBCSLoan write down standards changed for non-U.S. banks, NY Times says
A new accounting rule will enable banks outside of the U.S. to write down the value of loans earlier but could cause loans to become less attractive for those banks, according to The New York Times. The rule was issued by the International Accounting Standards Board, whose guidelines are followed in more than 100 countries but not in America, the newspaper stated. Publicly traded European 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
July 24, 2014
10:46 EDTBCSBarclays files motion to dismiss lawsuit over dark pool, NY Times reports
Barclays filed a motion to dismiss a lawsuit from the NY State attorney general that accused the bank of lying to customers on its private stock market, reports the New York Times. The bank said its customers were sophisticated enough to understand that "glossy marketing brochures" do not reflect its actual composition. Reference Link
July 22, 2014
07:31 EDTBCSSenate Homeland Security & Government Affairs Committee to hold a hearing
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07:16 EDTBCSBarclays plunges from 2nd to 12th in U.S. dark pool ranks after suit, FT says
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July 21, 2014
08:11 EDTBCSWarnings sounded over Barclays dark pool months before NY AG, WSJ says
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July 18, 2014
11:21 EDTBCSBritish antitrust regulator to investigate country's banks, NY Times reports
The U.K.'s antitrust authorities said they expected to open a formal investigation into Britain's retail banking industry, reports the New York Times. The regulators cited barriers to competition that include control of a national network of branches by four large banks that control more than three-quarters of the market. Reference Link

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