Barclays was hit by a $108.5 million fine on Thursday as it allegedly worked with super-rich clients in a way that could have facilitated financial crime.» Read More
LONDON, Oct 8- An expert on indexes reported that a method used to calculate Britain's RPI inflation measure- key to many pay and pension rises- should be changed as it yields overly high figures, and the country's statistics office began consultations on reform.
*Deal gives Qtel more control over Algeria, Tunisia subsidiaries. to 92.1 percent, giving an instant boost to its bottom line and more control of subsidiaries in the high growth markets of Algeria and Tunisia.
ATHENS, Oct 5- National Bank of Greece made a share-swap offer to buy all of rival Eurobank and create the country's biggest lender, it said on Friday, the latest move in efforts to consolidate the Greek banking industry.
Digging deeper into Friday's jobs report, it’s clear Wall Street banks are no longer the fulcrum of financial industry jobs as they once were.
Oct 5- Southwest Airlines Co reported softer September traffic on Friday as fewer passengers boarded its planes, and its shares were off 1.5 percent as a widely watched revenue measure was below some analysts' expectations. In the third quarter, unit revenue likely increased about 1 percent, Southwest added.
LONDON, Oct 5- Traders found guilty of rigging Libor and other financial market benchmarks would face jail from next year under a cross-party deal to be voted through next Tuesday in the European Parliament.
LONDON, Oct 4- Norddeutsche Landesbank, one of Germany's largest wholesale banks, is poised to issue a 144 a dollar covered bond as early as next Tuesday, the first offering of its kind since 2006.. German banks have been absent from the 144 a space since November 2006, when Essen Hypo sold a USD1.25bn long five-year that matured in January 2012.
WASHINGTON, Oct 5- The U.S. Commodity Futures Trading Commission filed the highest number of enforcement actions in its 38- year history in the 2012 fiscal year, the agency said on Friday.
*Moody's determines no negative rating impact on Indus plc due to deed of undertaking.
LONDON, Oct 5- Royal Bank of Scotland has suspended a trader for attempting to manipulate a reference lending rate in Singapore, a person familiar with the matter told Reuters, showing the global spread of the scandal over setting rates such as Libor.
With new sets of regulation for the banking sector both in Europe and in the U.K., investors can be forgiven for not knowing which firms are best placed for the new laws. But one analyst has given CNBC his top tips for those banks ready for change.
The role of account bank and paying agent has been transferred to Barclays Bank Plc from Banco Santander in all deals, in line with the transaction documentation. In Fitch's view, Barclays Bank Plc is deemed an eligible counterparty to support ratings of structured finance transactions of' AA-sf'.
*Barclays raises Celgene Corp price target to $87 from $75; rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
Oct 5- Marriott International Inc:. *Barclays raises Marriott International Inc price target to $41 from. Reuters Station users, click. 1568.
*Barclays cuts Informatica Corp price target to $32 from $43; rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Barclays raises Anadarko Petroleum Corp price target to $85 from $84;. rating overweight* Barclays cuts Apache Corp price target to $116 from $117; rating overweight. *Barclays raises Devon Energy Corp price target to $67 from $66;.
*Barclays cuts Adtran Inc to underweight from equal weight; price. *Barclays raises Acme Packet Inc price target to $20 from $13. *Barclays raises Riverbed Technology Inc price target to $21 from $20.
Oct 5- Paramount Resources Ltd:. *Barclays starts Paramount Resources Ltd with equal weight rating;. Reuters Station users, click. 1568.
Barclays has rejigged its investment banking structure to create a devolved geographic management hierarchy and combine its fixed-income and equities businesses into a single markets unit. The FT reports.
*Barclays cuts Evraz Plc price target to 253 p from 257 p; rating underweight. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.