Barclays PLC

Friday marked the roll off of $460 billion in derivatives across single stocks and $855 billion of S&P 500-linked contracts, according to a Bloomberg report. What It Means: Heading into this event, market participants sought protection and were well-hedged. During this latest episode of...

Sixteen of the world’s largest banks were sued Friday by the Federal Deposit Insurance Corporation (FDIC) for fixing the London interbank interest rate (Libor). According to the FDIC, the move cost smaller, failed American banks such as Washington Mutual, IndyMac and Colonial money. Bloomberg...

The benchmark used to set the price of gold in London, known as the gold fix, may have been manipulated for 10 years by banks, according to Bloomberg. Professor Rosa Abrantes-Metz of New York University’s Stern School of Business and Albert Metz, managing director at Moody’s, said in a draft...

Berkshire Hathaway (NYSE: BRK-B) founder Warren Buffett’s annual letter to stockholders is considered one-part corporate guidance and one-part “investor’s almanac” by many on Wall Street – not just Berkshire shareholders. According to The Wall Street Journal, Buffett’s habit of including a...

Shares of U.K. bank,Barclays PLC (NYSE: BCS), fell nearly seven percent Tuesday on word the bank posted a £329 million ($539 million) loss in the fourth quarter and was poised to cut up to 12,000 jobs this year while at the same time increasing bonuses for top staff 10 percent. Barclays said it...