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
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.
*Barclays cuts Fiat SpA to underweight from equal weight; price. target to 3.90 euros from 4.50 euros. Reuters Station users, click. 1580.
"It's pretty clear to us that the market is now open to buying these kinds of bank names," said Paul Spivack, managing director and head of Morgan Stanley's debt syndicate for the Americas. Morgan Stanley led the BBVA deal along with Bank of America Merrill Lynch.
By Christopher Langner and Neha D'Silva. Oct 5- A sudden rebound in risk appetite caught Asia's debt capital markets bankers by surprise last week, but the renewed confidence quickly triggered predictions of tighter pricing and heavy dealflow.
Financial Times Headlines JOHNSON SLAMS GOVERNMENT OVER AIRPORTS- MORGAN STANLEY CHIEF WARNS ON WALL ST PAY- GOOGLE EBOOK WIN LITTLE THREAT TO AMAZON- RUSSIA MOOTS ARCTIC OIL LICENCES FOR WEST- BAE TIE-UP BAD FOR UK, WARNS DARLING- BARCLAYS ALTERS INVESTMENT BANKING SHAPE- REDROW'S CHAIRMAN RAISES BID FOR GROUP- ECB KEEPS INTEREST RATES UNCHANGED- FACEBOOK EXPANDS TO 1 BLN USERS- Overview JOHNSON SLAMS GOVERNMENT OVER AIRPORTS.
The company appointed Anne Donahue to New York market leader for the private client reserve of US Bank. The bank also appointed Lynn Maaske as vice president and wealth management adviser for the private client reserve in St. Paul. The firm added Al Weaver and John Worcester to its advisor force in Massachusetts.
Barclays announced a shake up at its investment banking business aimed at streamlining the business in the face of a more challenging outlook for the industry. Wells Fargo's international group named Christopher Lewis as executive vice-president and head of global trade services.
*Barclays investment bank boss Ricci unveils management shake-up- memo. LONDON, Oct 4- Barclays announced a shake up at its investment bank on Thursday as the group tries to cut costs in a tough market and reduce risks to its reputation following the Libor scandal.
LONDON, Oct 4- Britain's FTSE 100 share index stalled near the top of its recent range on Thursday, supported by prospects of global central bank stimulus but struggling to break fresh ground ahead of a potentially gloomy earnings season.
By Olivia Oran Oct 4- Shares of Berry Plastics Group Inc. Berry Plastics sold 29.4 million shares Wednesday night, raising $470.4 million. Berry Plastics, backed by private equity firm Apollo Global Management, is one of a handful of companies Apollo has been trying to take public this year.
LONDON, Oct 4- Barclays announced a shake up at its investment banking business on Thursday aimed at streamlining the business in the face of a more challenging outlook for the industry.