Bob Diamond, the former Chief Executive of Barclays, will be returning to banking by listing a company that will be investing in the African financial sector, a source interviewed by Reuters said.
Tags: Barclays
Asian shares edge up, dollar steadies after drop
Asian shares tentatively rose in early trade on Tuesday, while the dollar steadied after investors locked in some gains overnight on its recent rally.
World stocks hit one-month low, caution ahead of Fed
Global shares hit a one-month low on Tuesday as investors refrained from placing strong bets before a Fed meeting that could adjust expectations about how soon the U.S. central bank will hike interest rates.
Britain's Barclays to sell Spanish assets to Caixabank
Barclays is selling its Spanish retail and corporate banking operations to Caixabank, the two companies said on Sunday, as the British bank starts shrinking its struggling European divisions as part of a major overhaul.
Deloitte report shows small European firms successfully dealing with bank cuts through financing from alternative lenders
Alternative lenders are filling in the shoes of commercial banks in Europe that have reduced lending, allowing small firms to still raise funds, Bloomberg reported.
Latest News
The potential sale of the indices platform of Barclays, which includes the Barclays US Aggregate Bond Index, came at the heels of an approach by MSCI, an equity index provider, to acquire the index business.
Three financial sources said Russia-based oil firm Bashneft selected Morgan Stanley, Sberbank, and Barclays as global coordinators for the company's planned secondary listing in London.
A UK court had started to hearing evidence about the alleged London Interbank Offered Rate or Libor manipulation brought against Barclays and Deutsche Bank.
Named 'The Cartel', US regulators are reviewing how these individuals comprising the group may have influenced or attempted to manipulate the market.
Presented evidence on another case is being used as evidence to prove Barclays' hand in the recent LIbOR rigging scandal.
The recent privatization of Royal Mail creates an 'equity culture' in the UK. The strong demand for Royal Mail shares could become the watershed moment where retail investors return to share sales.
Bob Diamond, the former CEO of Barclays, said he planned to purchase more Barclays shares in the bank's rights offering.
The First Gulf Bank said it is not interested to bid for Barclays business in the UAE. The First Gulf Bank, a lender based out of the United Arab Emirates, said it has no plans to bid for the retail banking operations of Barclay in the country.
In a finding by the Financial Conduct Authority, Barclays payments to investors post-2008 without proper disclosure was called reckless.
