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Stock Market & Financial Investment News

News Breaks
January 3, 2013
06:09 EDTMPG, BCSSome commercial mortgage bonds seen as risky, WSJ reports
Some investors are now seeing problems with bonds backed by mortgages on commercial properties, reports the Wall Street Journal. Investors jumped into these bonds because of their relatively high yields. But demand sent prices soaring, and yields slid to record lows. Also, some investors continue to be concerned that defaults on these loans remain at historically high rates.Reference Link
News For MPG;BCS From The Last 14 Days
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April 15, 2014
07:11 EDTBCSBarclays still deciding what to do with investment bank, WSJ reports
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06:58 EDTBCSBarclays appoints Gillies as non-executive director
Barclays announced that Crawford Gillies has been appointed as a non-executive director of Barclays and will become a member of the board remuneration committee with effect from May 1. The company said, "It is intended that Crawford Gillies will succeed Sir John Sunderland as chairman of the board remuneration committee at a date to be agreed, consistent with ensuring a smooth transition."
April 9, 2014
07:23 EDTBCSBarclays relocates more suburban Singapore staff to city, Bloomberg says
Barclays is relocating more employees to an office in Singapore’s central business district from the suburbs to reduce expenses, according to Bloomberg, citing people familiar with the matter. Reference Link
April 7, 2014
13:43 EDTBCSBarclays reaches settlement with U.K. care home operator, Reuters says
Barclays reached a settlement with U.K. care home operator, Guardian Care Homes, that accused it of mis-selling products connected to benchmark interest rates just weeks prior to the beginning of a possibly embarrassing court case for the company, according to Reuters, citing a Barclays spokesman. Reference Link

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