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Barclays PLC

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  • NEW YORK, April 24- Barclays Plc failed to persuade a U.S. judge to dismiss a lawsuit accusing the British bank of defrauding shareholders about a private "dark pool" trading platform even as it was publicly pledging to clean up its corporate culture. The share price slid 7.4 percent last June 26 after New York Attorney General Eric Schneiderman accused Barclays...

  • NEW YORK, April 24- Barclays Plc failed to persuade a U.S. judge to dismiss a lawsuit accusing the British bank of defrauding shareholders about a private "dark pool" trading platform even as it was publicly pledging to clean up its corporate culture. The share price slid 7.4 percent last June 26 after New York Attorney General Eric Schneiderman accused Barclays...

  • WASHINGTON, April 24- U.S. business investment spending plans fell for a seventh straight month in March, weighed down by a strong dollar and lower energy prices, suggesting the economy was struggling to rebound from a recent soft patch. The report from the Commerce Department on Friday came on the heels of lukewarm data on retail sales, employment and housing...

  • *Euro zone banks best relative value since 2012- Barclays. LONDON, April 24- European banking shares, shunned by investors after the lenders accrued a spate of expensive fines and were hit by restrictive new regulation, are attracting interest again as the outlook for lending improves and valuations look to be bottoming out. Morgan Stanley and Goldman Sachs said...

  • Comcast's failed $45 billion deal for Time Warner Cable is a high-profile example of a failed deal, but it doesn't crack the list of the 10 largest. That distinction belongs to an unsolicited, $79.6 billion bid for Time Warner Inc. made by Rupert Murdoch's 21st Century Fox, according to financial data provider Dealogic. Time Warner Inc. spun off Time Warner Cable...

  • LONDON, April 24- Deutsche Bank's expected move to sell much of its retail banking business will see it join a growing list of banks choosing to shrink and simplify to survive. HSBC has already sold or shut 77 businesses and could yet dispose of big operations in Brazil or Turkey. Credit Suisse's incoming CEO Tidjane Thiam is expected to slash trading operations...

  • *Renault shares hit seven-year high. PARIS, April 24- Renault shares powered to a seven-year high on Friday as forecast-beating quarterly sales overshadowed signs of growing tensions with the French government over its influence on the carmaker. However, the strong performance comes amid signs of tensions with the French state, which is seeking to increase...

  • GLOBAL MARKETS-Asian shares take cue from Nasdaq record Thursday, 23 Apr 2015 | 8:33 PM ET

    MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 percent, moving back toward a seven-year intraday high touched in the previous session. On Wall Street overnight the Nasdaq pushed above a record set in March 2000, the height of the dot.com boom. "Clearly the market is pushing back expectations of a Fed hike," Mitul Kotecha, head of FX strategy,...

  • LONDON, April 23- Deutsche Bank traders sent casual messages to colleagues politely asking them to rig global interest rate benchmarks, as a six-year criminal campaign of fraud became routine practice at Germany's biggest bank, British regulators said on Thursday. While other banks have already been implicated in rate rigging- including Britain's Barclays,...

  • LONDON/ NEW YORK, April 23- U.S. and British authorities fined Deutsche Bank $2.5 billion, accused Germany's largest lender of obstructing regulators and ordered it to fire seven employees in the eighth global settlement of alleged benchmark interest rate rigging. U.S. regulators fined Deutsche Bank $2.12 billion and UK watchdogs imposed a $340 million...

  • TREASURIES-U.S. yields stabilize after market selloff Thursday, 23 Apr 2015 | 9:45 AM ET

    NEW YORK, April 23- U.S. Analysts blamed the market downdraft on a combination of factors, including a perceived hawkish tilt in the minutes of the Bank of England's previous meeting as well as investors paring heavy holdings in Bunds due to the European Central Bank's bond purchase programs, and concerns about Greece striking a deal with its creditors.

  • LONDON/ NEW YORK, April 23- U.S. and British regulators fined Deutsche Bank $2.5 billion and its British subsidiary pleaded guilty to criminal wire fraud on Thursday as it became the eighth financial group to settle allegations of rigging interest rate benchmarks. Britain's Financial Conduct Authority said the misconduct involved at least 29 Deutsche Bank...

  • FRANKFURT, April 23- Deutsche Bank faced a multi-billion-dollar fine on Thursday as British and U.S. officials prepared to announce a legal settlement over alleged attempts at its London- based subsidiary to manipulate interest rate benchmarks. Deutsche Bank is likely to pay more than $2 billion to U.S. and British authorities over the attempted...

  • SHANGHAI, April 23- China stocks rose to fresh seven-year highs on Thursday, with weaker-than-expected factory activity data reinforcing expectations of fresh government stimulus. The flash HSBC/ Markit Purchasing Managers' Index showed that China's factory activity in April contracted at its fastest pace in a year, suggesting that economic conditions...

  • *Asia still facing tough conditions, more China stimulus seen. April 23- Manufacturing activity in Asia's top two economic powerhouses slowed further in April, a disappointing outcome that calls for yet more stimulus and puts pressure on the United States and Europe to do more of the heavy lifting to drive global growth. The flash HSBC/ Markit Purchasing...

  • Michigan governor signs bill to aid Detroit bond sale Wednesday, 22 Apr 2015 | 4:23 PM ET

    April 22- Michigan Governor Rick Snyder on Wednesday signed into law a bill aimed at reducing interest rate costs for an upcoming Detroit bond sale. Detroit privately placed $275 million of variable-rate bonds with Barclays Capital to finance its Dec. 10 exit from the biggest-ever municipal bankruptcy. The move is expected to result in investment-grade...

  • April 22- Wells Fargo Advisors, the brokerage unit of Wells Fargo& Co, hired a team of two advisers from Barclays Capital, part of Barclays Plc, at the firm's Madison Avenue branch in Manhattan. Michael Blaustein and Maureen Clancy, who form the Blaustein Clancy Financial Group, managed more than $650 million in client assets at Barclays. The team will focus on high...

  • LONDON, April 22- Britain's markets regulator has fined Bank of America Merrill Lynch a record 13.2 million pounds for failing to report transactions properly over seven years. The Financial Conduct Authority said on Wednesday that Bank of America's Merrill Lynch International arm incorrectly reported 35 million transactions and failed to report...

  • *Says units cost now under $20/ t. "It is probably more a symbolic posturing position by BHP, but it also likely signals the bottom of the iron ore market, given this action is being taken by one of the lowest cost producers," said Mark Pervan, head of commodities for ANZ Bank. "Demand is the savior," said Joel Crane, a commodities analyst at Morgan Stanley.

  • *Says units cost now under $20/ t. SYDNEY, April 22- BHP Billiton said on Wednesday it was pushing out the timetable to expand its iron ore output to 290 million tonnes a year, as it reported a 20 percent rise in quarterly output and upped its full-year guidance. Spot iron ore prices have fallen 60 percent over the past year following a massive rise in production, which...