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Barclays PLC

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  • *Sale a major step in Citi's plan to sell unwanted assets. Springleaf shares touch record high, Citi marginally higher. March 3- Springleaf Holdings Inc said it would buy Citigroup Inc's OneMain Financial Holdings Inc for $4.25 billion in cash, creating the largest subprime lender in the United States.

  • *Veolia falls after Groupama sells stake. LONDON, March 3- European stock markets slipped from multi-year highs on Tuesday, pegged back by falls in French environment company Veolia and British bank Barclays. Veolia fell 3 percent after insurer Groupama sold a 5.1 percent stake in the company.

  • Treasuries fell to its lowest since January this week on easing fears about the global economy and Greece leaving the euro zone, according to a J.P. Morgan Securities survey released on Tuesday. In February, encouraging data on the domestic economy and a deal that granted Greece a four-month extension on its international bailout caused some investors to...

  • LONDON, March 3- Barclays Plc chief Antony Jenkins has threatened more cuts to its underperforming investment bank after a 750 million pounds charge by the British bank provided fresh evidence of the costs of past misdemeanors by its traders. Barclays last year cut costs, improved its capital strength and shed unwanted assets, which Jenkins said justified his...

  • *Veolia falls after Groupama sells stake. LONDON, March 3- European stock markets slipped off multi-year highs on Tuesday, pegged back by falls in the shares of French environment company Veolia and British bank Barclays. Both Veolia and Barclays were among the worst-performers on the pan-European FTSEurofirst 300 index.

  • March 3- Citigroup Inc said it has agreed to sell its consumer finance unit OneMain Financial Holdings Inc to subprime lender Springleaf Holdings Inc for $4.25 billion in cash. The consumer finance company is part of Citi Holdings, which Citigroup created during the financial crisis to park assets that it wanted to eventually divest or wind down.

  • *Bid speculation also boosts Vallourec. Bid rumours also drove up the shares of French steel pipe maker Vallourec, which rose 7 percent after investment bank Macquarie said Vallourec could be a bid target. Vallourec declined to comment on the speculation.

  • *Barclays aiming for FX deal with as many agencies as possible. LONDON, March 3- Barclays took a 750 million pound charge in the fourth quarter as it prepares to settle allegations its traders manipulated foreign exchange markets, overshadowing the bank's efforts to slash costs and boost profits. Past conduct problems continue to dog Barclays Chief Executive...

  • LONDON— Barclays' fourth-quarter loss widened as the costs of correcting past problems overshadowed progress in streamlining the bank's business after the global financial crisis. The figures demonstrate the underlying performance of Barclays and show that the bank is stronger than at any time since the financial crisis, Jenkins said in a statement.

  • NEW YORK, March 2- From its tower on Wall Street, Deutsche Bank enjoys a commanding view of lower Manhattan. That helped it close the global revenue gap with rivals like JP Morgan and Bank of America Merrill Lynch and put it within striking distance of No. 5- ranked Citigroup. It wants to take on U.S. investment banks on their turf and in February for example poached...

  • China steps up policy easing, India uses fiscal levers. BENGALURU/ SYDNEY, March 2- Global stimulus is swelling, with China cutting interest rates ahead of disappointing factory data and the European Central Bank set to start government bond purchases just as data hints the euro zone economy may be picking up. Central banks from Switzerland to Turkey, Canada and...

  • SINGAPORE, March 2- Oil dropped more than 1 percent on Monday, with Brent slipping below $62 a barrel, depressed by a stronger dollar and a rise in Libya's crude output. "The U.S. dollar strength and euro weakness tend to offset any positive reaction that we're supposed to see in oil prices," said Ric Spooner, chief analyst at CMC Markets in Sydney. Brent crude hit a low of...

  • *Treasuries set for weakest month since May 2013. U.S. government securities have posted a combined loss of 1.6 percent in February through Thursday, according to Barclays data, the biggest decline since May 2013. "Growth isn't spectacular, but it's still very robust, and this completely and conclusively will support a Fed reaching normalization," said Edward...

  • NEW YORK, Feb 27- U.S. stocks edged down late in Friday's session on the last trading day of February, led by technology stocks, but oil prices rebounded for their first monthly gain since June. European shares broke multi-year records ahead of the European Central Bank's planned moves to stimulate growth. The Nasdaq was the weakest of the three major U.S. indexes,...

  • NEW YORK, Feb 27- Wall Street stocks fell slightly on the last trading day of February as weak U.S. growth data made investors cautious, while European shares broke multi-year records ahead of the European Central Bank's injection next month of 60 billion euros to spur growth. On Wall Street, the Dow Jones industrial average was down 35.93 points, or 0.20 percent, at...

  • NAIROBI, Feb 27- In a world where many central bankers fret about deflation, defaults and currency break-ups, Somalia's central bank chief has a more straightforward mission: helping a financial industry that grew up in war to survive in peace. Money transfer firms which kept cash flowing into Somalia during two decades of conflict when the nation's formal...

  • LONDON, Feb 27- European shares held steady at seven-year highs on Friday as investor confidence stayed buoyant ahead of the European Central Bank's monthly 60- billion-euro money-printing programme set to start in March. "The market's had a good run and it's the end of the month so we're going to see it drift lower today as people book some profit," ETX Capital's...

  • *Dollar index eases from previous day's 1- month high. Jan CPI, durables goods data raise rate-hike bets. LONDON, Feb 27- The dollar index fell on Friday amid month-end selling but was still on track for a record eighth month of gains on better data and comments from Federal Reserve officials that bolstered bets for a rate rise later this year.

  • LONDON, Feb 27- European shares rose to fresh seven-year highs on Friday, extending a two-month rally fuelled by the European Central Bank's money printing programme which starts in the coming weeks. About two-thirds of the way into Europe's earnings season, 55 percent of companies have met or beaten profit forecasts. Overall, fourth-quarter earnings are...

  • *Dollar index eases from previous day's 1- month high. LONDON, Feb 27- The dollar index slipped on Friday, pegged back by month-end selling, but was still on track for its eighth straight month of gains on better data and comments from Federal Reserve officials that bolstered bets for a rate rise this year. The index had rallied 1.1 percent on Thursday, bringing it...