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Barclays Names New CEO
Thursday, August 30, 2012 - 9:44am | 477Read More...British banking giant Barclays (NYSE: BCS) has named Antony Jenkins, previously the head of the retail and business banking unit, its new Chief Executive Officer. Jenkins took the job with immediate effect, and he will have to hit the ground running because Barclays has been under a negative...
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Barclays Under Investigation Again
Friday, July 27, 2012 - 8:13am | 478Read More...British bank Barclays (NYSE: BCS) is under the microscope yet again after it set aside millions of pounds to cover bad decisions made selling financial products. Barclays must surely be sick of the sight of regulators and the word "investigation" following the London Interbank Offered Rate (LIBOR...
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Libor Scandal Catches Up with Deutsche Bank and HSBC
Thursday, July 19, 2012 - 7:55am | 393Read More...The investigation into the London Interbank Offered Rate (LIBOR) rate fixing that resulted in a record fine and major shake-up for Barclays last month is now focusing on traders at Deutsche Bank (NYSE: DB), HSBC, Societe Generale and Credit Agricole. On July 3, Benzinga reported that Barclays' CEO...
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Former Barclays Chief Executive Diamond Remains in the Rough
Wednesday, July 11, 2012 - 12:01pm | 520Read More...Bob Diamond, former CEO of Barclays Bank (NYSE: BCS), has been accused of misleading a parliamentary inquiry. It is the story that doesn't want to go away. On July 2, Benzinga reported that company Chairman Marcus Agius had resigned in the middle of the bank's rate-fixing scandal. The previous...
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Barclays' Ex-CEO Tells Parliamentary Committee "It Wasn't Just Me"
Thursday, July 5, 2012 - 7:39am | 426Read More...Former Barclays (NYSE: BCS) CEO Robert Diamond sat before a British parliamentary committee Wednesday and said that, while he does not feel personal culpability for the rate-fixing scandal, he does feel responsibility. Diamond resigned his position on Tuesday, following Chairman Marcus Agius, who...
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Barclays Chairman Resigns Amid Scandal
Monday, July 2, 2012 - 8:05am | 424Read More...Barclays (NYSE: BCS) Chairman Marcus Agius has resigned his position on Monday in the middle of the bank's rate-fixing scandal. Agius stepped up and said that "the buck stops with me," before quitting his job and saying that the scandal has dealt a "devastating blow," to the reputation of the bank...
